Mexican Peso Slides As FinMin Resigns Following Trump Visit

Mexico's finance minister Luis Videgary has reportedly resigned amid a cabinet shake-up following Donald Trump's visit. Videgary reportedly helped arrange Trump's visit to Mexico.


TV journalist Denise Maerker comments on Videgaray on Twitter without naming source. Social Development Minister Jose Antonio Meade to take his place.

As The FT reports,

Mr Videgaray, one of President Enrique Peña Nieto’s closest allies and the architect of his structural reform programme, has been in the firing line after last week’s disastrous meeting between the president and Republican US candidate Donald Trump, which was reportedly his idea and which he has defended to the hilt, writes Jude Webber.


Mr Videgaray is expected to be replaced by José Antonio Meade, social development secretary, who has held the post under former President Felipe Calderón and is considered a safe pair of hands.

The Peso is sliding on the news...


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