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Autos

Mexico's peso reverses losses after weakening on Trump Toyota threat

MEXICO CITY (Reuters) - Mexico’s battered peso currency reversed losses on Thursday after weakening more than 0.6 percent following a tweet from U.S. President-elect Donald Trump threatening Toyota Motor Corp with a “big border tax” if it builds a new factory in Mexico to build cars for the U.S. market.

The peso MXN=D2MXN= slipped to 21.58 per dollar but then recovered to trade flat 21.45 per greenback.

Reporting by David Alire Garcia; Editing by Chizu Nomiyama

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