Country scrambles to shore up peso as its frequent attacker secures the U.S. presidency
By SANTIAGO PÉREZ and JOSÉ DE CÓRDOBA
Mexico’s government, amid a record decline in the peso, rushed to reassure both its own citizens and foreign investors that the country was on solid footing in facing the fallout of Donald Trump’s surprise victory in the U.S. presidential election.
“We face this from a position of strength,” Finance Minister Jose Antonio Meade told a hastily convened news conference early Wednesday, stressing the country’s macroeconomic stability, including low inflation and relatively solid public finances.
