The peso is tumbling after Mexico's president meeting cancelled
 

The peso was tumbling Thursday after Mexico's president, Enrique Peña Nieto, announced he had canceled a meeting scheduled for next week with President Donald Trump.

The peso was down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET.

The currency had been up by as much as 0.8% at 20.9358 per dollar at about 8:50 a.m. ET.

"This morning we have informed the White House that I will not attend the meeting scheduled for next Tuesday with the @POTUS," Peña Nieto tweeted, according to an online translation.

That followed a tweet sent earlier on Thursday morning from Trump's personal Twitter account that said: "The U.S. has a 60 billion dollar trade deficit with Mexico. It has been a one-sided deal from the beginning of NAFTA with massive numbers of jobs and companies lost. If Mexico is unwilling to pay for the badly needed wall, then it would be better to cancel the upcoming meeting."

Peña Nieto was initially scheduled to meet with Trump next Tuesday in what would have been the duo's first bilateral meeting since the new US administration took office.

Mexican opposition figures had urged Peña Nieto to cancel the meeting to protest Trump's demand that Mexico pay for a wall on its border with the US, according to reports on Wednesday. In a recorded address that was nationally televised, Peña Nieto said, "I regret and reject the decision of the US to build the wall."

Trump told ABC News anchor David Muir in an interview broadcast Wednesday night that he wanted construction on the wall to begin as soon as possible. When Muir asked whether that meant construction would start within months, Trump said, "I would say in months, yeah."

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Months, so much for that executive order to immediately start construction of the wall.

Trumplestiltskins already heard "immediately" and are looking for pics of the tractors and flatbeds loaded with steel rolling in :1orglaugh

Trumps plan to pay for wall.

His kids are going to create a wall building company which they will be awarded the contract for. They will collect 20 billion in taxpayer money and then once the wall is completed they will refuse to pay the suppliers and stiff the workers. This plan was revealed from someone hacking his unsecured phone.

this wall is not just for illegals. it's for terrorist as well

Fuck Mexico. A 60 Billion a year trade deficit in addition to countless millions of illegals from Central and South America sending cash back home, drugs, guns, sex trafficking, cartels/gangs/criminals etc across boarder daily etc etc etc. One more country that benefits from the US 100X more than what the US benefits from them. They are fucked. They are in no position to negotiate against someone who has the balls to get real with them.

100% spot on :thumbsup

I'm not aware..is a 1.2 percent fluctuation a big deal?

dick cheney owns the company supplying the troops in the middle east.

Trump maybe an asshole, but he´s clued up how to put the money in his own families pocket :2 cents:

The Clintons were king and queen of that game. Now they have someone better at it.

Will Trump's action benefit other families in the US?. Clinton never did much of that.