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Mexican Peso Extends Slump After Trump Wins Presidency

November 10, 2016 at 22:27 by Vladimir Vyun

Mexican 50-peso notesThe Mexican peso tanked after Republican candidate Donald Trump won the US presidential elections, and the currency continued sinking today.

The United States are the biggest trading partner of Mexico, therefore have a big impact on the Mexican economy. And it is widely held view that Trump’s policies will be negative to Mexico. In particular, Trump wants to scrap or renegotiate the North American Free Trade Agreement which was immensely helpful to the economies of Mexico and Canada.

USD/MXN surged as much as 3.64% to 20.5777 as of 22:19 GMT today.

If you have any questions, comments, or opinions regarding the Mexican Peso, feel free to post them using the commentary form below.

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