Mexican Peso Weakens To Near 2-month Low Against U.S. Dollar
January 04 2017 - 4:20AM
RTTF2
The Mexican Peso lost ground against the U.S. dollar in the
European session on Wednesday, on worries that the incoming Trump
administration would renegotiate NAFTA trade deal signed by Canada,
Mexico and the U.S.
On Tuesday, car maker Ford scrapped plans for the construction
of a $1.6 billion assembly plant in Mexico and said it would rather
invest this in a Michigan factory, after repeated attacks from
Trump.
The Mexican Peso declined to 21.19 against the greenback, its
lowest since November 11, 2016, when it hit a record low. The pair
finished Tuesday's deals at 21.11.
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