Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Mexican peso up over one percent as Trump backtracks campaign promises

Mexico's peso gained over 1 percent to around 20.64 pesos per dollar in Asian trading on Sunday, as U.S. President-elect Donald Trump appeared to soften some of his more incendiary campaign pledges that were seen hurting the Mexican economy.

The peso MXN=D2, the world's worst-performing currency this year, has fallen to record lows after Trump's election upset last week on fears he may look to decrease trade and build a wall between the two countries, while also deporting about 11 million people living illegally in the United States.

On Sunday, Trump backed . . .

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