The value of the peso took a sharp downturn Thursday after Mexican President Enrique Peña Nieto announced he had canceled a meeting with President Trump scheduled for next week.
The peso was down by 1.2 percent at 21.3175 per dollar shortly before noon,Business Insider reported. It had been up by as much as 0.8 percent at 20.9358 per dollar around 8:50 a.m. ET.
Peña Nieto had said via Twitter Thursday morning that he would not be going to the White House to meet with Trump next week
“This morning we have informed the White House that I will not attend the meeting scheduled for next Tuesday with the @POTUS,” he wrote.
Trump had criticized the U.S.-Mexico trade relationship earlier in the day with a tweet and said his Mexican counterpart should cancel their planned meeting if he is not willing to pay for a wall on the U.S.-Mexico border.
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7 comments:
LOL... It won't take Mexico long to come around to PRESIDENT TRUMP'S way of thinking!!! They will be tickled to pay for the wall very soon....ha ha ha
Saw that coming. Now's the time to take that Mexican vacation.
SO, because of the Mexican Prez declining the meeting - his country's currency dropped.
Coming very soon to a CNN/PMSNBC/CNBC near you: Its America's fault!
Looks like the wall is working already. Nieto is the first Mexican the wall has kept out of our country!!
Great idea! The wall already exists, the way i see it. Now, all that's left is the negotiations.
Good LOL Now Mexico will see they ARE going to Pay for
the WALL !!!
One way or the other !!!
They just don't know it yet ...like Trump said !!!!!!
More ways than one , to MAKE them comply !!! LOL LOL
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