The Mexican peso is climbing after Trump tweets ‘we will build the wall!’

1/25/2017 Business Insider

Passport and Mexican PesosThe dollar is dipping.

The US dollar index is down by 0.3% at 99.97 as of 7:51 a.m. ET.

“Participants appear to be growing increasingly frustrated with emerging priorities of the new US Administration,” Marc Chandler, the global head of currency strategy, wrote in commentary.

“They want to hear more details and discussion of the tax reform, deregulation, and infrastructure plans,” he continued. “However, the priority today is on authorizing the construction of a wall between the US and Mexico and possible action on immigration from”terror-prone” countries, according to press reports.”

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