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 . . .

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