Mexico's peso plummets to new low on Trump effect

The currency traded at 21.15 pesos per dollar, down 8.75 percent compared to last week and 1.65 percentThe Mexican peso endured one of its worst week in two decades, falling to a new record low on Friday over concerns about President-elect Donald Trump’s economic policies. The peso had rallied in the hours preceding Tuesday’s election on optimism that Democratic candidate Hillary Clinton would win. The Republican billionaire has vowed to make Mexico pay for a massive border wall and renegotiate the North America Free Trade Agreement (NAFTA).

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