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

What CJNG payroll sheets suggest about lookouts and gunmen

How CJNG payroll sheets could guide investigators in Jalisco

Seized Tapalpa sheets allegedly list CJNG pay and bribe labels. Here's how investigators verify records...
World Aquatics cancels Jalisco Diving World Cup stop

World Aquatics cancels Jalisco Diving World Cup stop

World Aquatics canceled the March 5-8 Diving World Cup stop in Zapopan, citing embassy travel...
Governor leads strategic meeting on economy and tourism in Vallarta

Governor leads strategic meeting on economy and tourism in Vallarta

Gov. Pablo Lemus met with Vallarta-area mayors, ordered burned vehicles cleared from highways, and urged...
Conagua targets illegal builds along Lake Chapala shore

Lake Chapala shoreline construction face tighter scrutiny

Conagua and Jalisco municipalities will jointly inspect federal shoreline zones at Lake Chapala, boosting checks...