MEXICO CITY, Jan. 5 (UPI) -- Mexico's central bank was active in the international currency exchange market on Thursday after the peso hung near all-time lows against the U.S. dollar, officials said.
The already weak peso was hurt further after news surfaced Ford Motor Co., was cutting a planned $1.2 billion expansion in Mexico after the move was criticized by President-elect Donald Trump. Bankers bailed on the already weak currency amid fears future business investments in Mexico would be harmed under a Trump administration.