Mexican Peso Slides To New Low Against U.S. Dollar
November 11 2016 - 3:03AM
RTTF2
The Mexican Peso lost ground against the U.S. dollar in the
European session on Friday, amid continued uncertainty over trade
relationship with the U.S. after the President-elect Trump vowed
renegotiate the NAFTA trade deal.
Trump's proposal to make Mexico pay for building a wall along
the US-Mexico border also weighed on the currency.
The Mexican currency depreciated 4 percent to a new low of 21.38
against the greenback from Thursday's closing value of 20.55.
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