Higher MXN on the tariff delay news - will it last is the question.

The weekend news (very late Friday US time)

• Trump says deal reached with Mexico - tariffs indefinitely suspended

Which has given MXN a boost in super early trade.

Questions will remain though, some thoughts from Pantheon economics:

• Uncertainty on what President Trump may or may not du will limit MXN gains
• Ratings agency downgrades to the country will weigh
• Pemex downgrade also a negative