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Mexico works on a Trump contingency plan

Friday, November 4, 2016


Financial leaders in Mexico anticipating the prospect of volatility in their markets or a slump in trade following the result of the U.S. presidential election are weighing the idea of a wall of their own -- call it a firewall.

Central Bank Governor Agustin Carstens, who has called Republican nominee Donald Trump a "hurricane" for Mexico’s economy, told Milenio TV that Mexico risks turbulence no matter who wins the vote on Nov. 8. The central bank is working on a contingency plan with Finance Minister Jose Antonio Meade, who told Televisa Wednesday there’s not much point in intervening in the peso for now.

Source: Bloomberg