Market Insider

Mexican peso hits yet another low vs. the dollar as Trump holds his news conference

Trump: I don't blame Mexico government for taking advantage of US

The weakened Wednesday to fresh record lows against the U.S. dollar, crossing the psychologically key level of 22 pesos to the dollar as a Donald Trump news conference inflamed trade worries.

"Nothing that Trump has said made it any less likely that Mexico is in trouble. They've been dealt a bad hand," said Thierry Albert Wizman, global interest rates and currencies strategist at financial advisory firm Macquarie.

The president-elect "again talked about companies not leaving the U.S., staying here," Wizman said.