Published January 26, 2017 12:15pm EST | Updated January 26, 2017 2:04pm EST

Peso Slumps After Mexican President Cancels Meeting With Trump

The Mexican peso slumped Thursday after the country's president, Enrique Pena Nieto, canceled a meeting scheduled for next week with President Donald Trump. The announcement comes a day after Trump signed an order to build a wall along the Mexican border and suggested Mexico will pay for it. On Thursday, the peso weakened by 1%, with the dollar buying 21.30 pesos compared with 21.21 late Wednesday in New York.