Ponderable

The peso is tumbling after Mexico's president, Enrique Peña Nieto, says he won't meet with US president Donald Trump.
The peso was down by 1.2% at 21.3175 per dollar.

http://www.msn.com/en-us/money/mark...et-with-trump/ar-AAmhb99?li=BBnb7Kz&ocid=iehp
Yet the peso is still up against the dollar since Trump's inauguration. Nobody thinks that Mexico is in a better position than it was in the Pre-Trump era. What this signifies is a global belief that, while both will suffer, the US economy will suffer relatively more than Mexico's.
 
Back
Top