Investors Bolt Mexico as Peso Enters Free Fall – Paying For The Wall Already

Investors Bolt Mexico as Peso Enters Free Fall – Update

“The Mexican currency ended down 0.3%, again frustrating Mexican central-bank efforts to slow the currency’s decline. Bank officials said Tuesday that they spent $2 billion last week to prop up the peso, which has weakened more than 16% against the dollar since the U.S. election.

The selloff underscores fears that the economic gains Mexico has made over the past two decades could reverse, as the incoming Trump administration takes a confrontational stance that could bring tariffs and border-control measures that once appeared unthinkable.”

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