The Mexican currency reached Tuesday its lowest low, the peso trading at 22 units for one dollar after a further depreciation of 1.59% in the day, according to Mexican bank Citibanamex.
The Mexican currency thus recorded its biggest drop since the election of the republican billionaire Donald Trump, who had unscrewed the currency of 7.64% the day after November 8.
Plunged into uncertainty just days after Trump's appointment as President of the United States, the currency of the second largest economy in Latin America had already declined by more than 3% against the dollar during the week The last.
The announcement by Ford of the cancellation of a project of plant in San Luis Potosi for a amount of 1.6 billion had in particular devalued the currency of 1.41%.
For the whole of 2016, the peso fell by 16.12% against the dollar, impacted by the fall in crude oil prices and the protectionist promises of Trump which undertook to renegotiate or even abolish trade agreements Linking it to Mexico to protect US jobs. Approximately 80% of Mexican exports go to the United States.
