Mexico's peso weakens after Ford says cancelling Mexican plant

Markets Reuters

(Copyright Reuters 2017)

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.

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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)