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Mexico: We Have Tools to Fight Financial Volatility

Mexico has an array of tools to face down financial volatility in the wake of the U.S. presidential election, Finance Minister Jose Antonio Meade said on Monday, after Donald Trump's victory sent the peso currency into a tailspin. The government can use a windfall stemming from the Mexican central bank's foreign exchange gains on the peso, as well as some 110 billion pesos ($5.3 billion) in its oil stabilization fund, to ensure public finances are stable, Meade said. "And...

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