Puerto Vallarta, Mexico - The Mexican peso weakened on Wednesday morning, extending its losses as investors awaited further developments on U.S. President Donald Trump’s tariff plans. The local currency traded at 20.5224 pesos per dollar, down from Tuesday’s official close of 20.4568 pesos, according to data from the Bank of Mexico (Banxico). That represents a depreciation of 6.56 centavos for the peso, or about 0.32 percent.