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Mexico's forex market reflects very pessimistic outlook: finance minister

"The exchange rate today reflects a very pessimistic outlook on our ability to attract investment," Meade said at an event in Mexico City

Finance Minister Jose Antonio Meade - Photo: Reuters
12/01/2017 |11:58Reuters |
Redacción El Universal
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Mexico's finance minister José Antonio Meade said on Thursday that the country's exchange rate reflected a very dim investment outlook, a day after the peso currency hit another historic low against the dollar.

"The exchange rate today reflects a very pessimistic outlook on our ability to attract investment," Meade said at an event in Mexico City.

The peso, which has depreciated amid fears over U.S. President-elect Donald Trump's policies toward Mexico, broke the 22 peso per dollar mark for the first time on Wednesday.

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