October 30, 2018 / 6:58 PM / 18 days ago

Mexico's Lopez Obrador says peso currency 'slipped,' will recover

FILE PHOTO: Bundles of Mexican Peso banknotes are pictured at a currency exchange shop in Ciudad Juarez, Mexico January 15, 2018. REUTERS/Jose Luis Gonzalez

MEXICO CITY (Reuters) - Mexican President-elect Andres Manuel Lopez Obrador said on Tuesday that the peso currency “slipped” following his announcement that a partially-built new Mexico City airport will be canceled once he takes office.

Lopez Obrador, who will assume the presidency at the start of December, said in a recorded video message that the peso will recover and that it did not suffer a “devaluation.”

Reporting by Mexico City Newsroom

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