Mexican peso takes a mean tumble after meeting between Nieto and Trump is called off

After Mexico’s President Enrique Peña Nieto announced his refusal to meet with President Dobald Trump Thursday, the Mexican peso plummeted.

This is on top of Peña Nieto’s other woes — including a 20% hike in his country’s gasoline prices and an approval rating of 12%.

The peso was down by 1.2% at 21.3175 per dollar as of 11:57 a.m. ET, according to Business Insider, dropping from a high of 20.9358 per dollar about three hours earlier.

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On Thursday Trump tweeted his reasoning for having Mexico pay for a wall at the southern U.S. border.

Peña Nieto responded with a tweet of his own, calling off the meeting that was to be scheduled for next week.

“This morning we have informed the White House that I will not attend the meeting scheduled for next Tuesday with the @POTUS,” his tweet said, according to an online translation.

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Twitter had no sympathy:

Trump told ABC’s David Muir in an interview this week that construction on the wall could commence within months.

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