Peso sinks to fresh lows as Mexico woes mount

1/10/2017 Financial Times

pesoThe Mexican peso plumbed another all-time low against the dollar on Tuesday, as concerns mounted over US president-elect Donald Trump’s trade rhetoric towards its southern neighbour.

Ahead of Mr Trump holding a press conference in New York on Wednesday, he has made waves in recent days, taking to Twitter and criticising carmakers with operations in Mexico.

Concerns that manufacturers would curtail investments in Mexico have been compounded by Ford, which last week said that it was scrapping plans to build a $1.6bn car facility in the country in favour of further investment in the US.

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