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

Puerto Vallarta hosts 10th International Reading Fair

Puerto Vallarta hosts 10th International Reading Fair

Puerto Vallarta hosts the 10th International Reading Fair Jan 22–Feb 2 at Plaza de Armas...
charros puerto vallarta

Puerto Vallarta hosts International Charro Championship

From Jan 29 to Feb 1, Puerto Vallarta hosts the International Charro Championship, with top...
Red and Yellow Flags Fly on Puerto Vallarta Beaches

Red and Yellow Flags Fly on Puerto Vallarta Beaches

Puerto Vallarta lifeguards kept a red flag at the Pitillal River mouth over possible harmful...
Guanajuato boosts security after Salamanca field attack

Guanajuato boosts security after Salamanca field attack

Guanajuato reinforced patrols in Salamanca after gunmen killed 11 at a Loma de Flores soccer...