Puerto Vallarta News

Puerto Vallarta News

Mexico says won’t pay for Trump wall, no action yet to ease peso plunge

As Trump forged toward victory, the peso plunged 13 percent in its biggest fall in 22 years. It then pared losses to trade down 8.9 percent at 19.95 per dollar.

Trump's threats to rip up a free trade agreement with Mexico and to tax money sent home by migrants to pay for building a wall on the southern U.S. border have made the peso particularly vulnerable to events in the race for the White House.

"Very hard times are coming to Mexico," said analyst Gabriela Siller of Mexican bank BASE.

Ratings agency Fitch said Trump's . . .

Read Full Story

Related Posts

Baja gray whales

Gray whales make the longest trip of their lives to Baja

Gray whales swim from the Arctic to Baja lagoons each winter. Here’s where to watch...
peso today

Mexico’s peso briefly hit 17.98 as traders pile into carry trade

Mexico’s peso hovered near 18 per dollar, briefly hitting 17.98, as carry-trade flows and rate...
San Miguel Guadalupe Day

San Miguel Guadalupe Day turns streets into a sea of faith

San Miguel de Allende marked Guadalupe Day with packed Masses, street processions, and neighborhood celebrations...
Puerto Vallarta buses

Puerto Vallarta buses are coming but is 38 enough?

Jalisco Gov. Pablo Lemus says 38 new buses reach Puerto Vallarta next week, kicking off...