Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico 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

There are now 8 cases of measles in Puerto Vallarta

Jalisco says measles cases will linger into World Cup

Jalisco says measles cases are falling but will not hit zero before the 2026 World...
Three Semana Santa deaths reported in Bahía de Banderas

Three Semana Santa deaths reported in Bahía de Banderas

Bahía de Banderas reported three Semana Santa deaths, reinforcing warnings about rip currents, beach flags,...
Puerto Vallarta electric bus rollout starts in May

Puerto Vallarta electric bus rollout starts in May

Jalisco says Puerto Vallarta’s first electric buses will begin service in early May, signaling progress...
alisco courts Canada as Vallarta flights stay steady

Jalisco courts Canada as Vallarta flights stay steady

Jalisco officials met airlines in Toronto and said Guadalajara and Puerto Vallarta frequencies will hold...