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7 months ago
Mexico's peso weakens after Ford says cancelling Mexican plant
January 3, 2017 / 4:17 PM / 7 months ago

Mexico's peso weakens after Ford says cancelling Mexican plant

MEXICO CITY, Jan 3 (Reuters) - Mexico's peso slipped on Tuesday after Ford said it will cancel a planned $1.6 billion factory in Mexico's central state of San Luis Potosi.

The peso weakened 0.68 percent to 20.88 per dollar following the announcement by the second-largest U.S. automaker, which had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. (Reporting by Alexandra Alper)

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