Mexico was particularly shocked by Donald Trump’s election. The peso plunged to its lowest level since 1988 before recovering slightly Jose Luis Gonzalez/ReutersMexico was in shock yesterday as its currency took a Brexit-style plunge to its lowest levels in almost 30 years after Donald Trump's stunning victory. Enrique Peña Nieto, Mexico’s president, held a crisis meeting of his cabinet overnight and the central bank met yesterday morning to discuss the fallout from an election that has propelled Mr Trump — whose central campaign promise was to build a wall along the border — abruptly to power. José Antonio Meade, Mexico’s finance minister, left, and Agustín Carstens, governor the central bank, said the country was in “a strong position” in the first public reaction to Donald Trump’s US election victory. However, the governor did not rule out measures to adjust its tax, monetary and financial policies Sashenka Gutierrez/EPAThere…

Source: The Times November 09, 2016 17:03 UTC