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Mexico foreign minister says meetings with Trump administration not ruled out

Mexico's Foreign Minister Luis Videgaray
Joshua Roberts | Reuters
Mexico's Foreign Minister Luis Videgaray

Mexico's foreign minister Luis Videgaray said further meetings with Trump administration officials in coming days are not ruled out, according to a report Monday.

He said there is no tentative date yet for a meeting between U.S. President Donald Trump and Mexican President Enrique Pena Nieto. But, the minister said, if the peso is a gauge of relations with the U.S., last week was a good week.

The Mexican peso briefly rose about 1 percent against the U.S. dollar Monday morning after netting a gain of more than 3 percent in volatile trade last week.

Dollar-peso year-to-date performance

Source: FactSet
Note: Y-axis inverted.

Videgaray said the phone call between the two presidents helped calm tensions with the U.S., but differences remain. The minister said remittances have not been a point of discussion so far with the Trump team, while talk of making organized crime pay for a wall is a positive sign.

The foreign minister also said Mexico will keep its immigration policy the same and is not closing its doors to anyone.


— CNBC's Evelyn Cheng contributed to this report.