Peso Tumbles As Mexican President Warns “Will Take Immediate Actions To Defend Interests With US”

In a much anticipated speech, Mexican President Enrique Pena Nieto warned that “Mexico is obliged to take steps to defend itself given the new vision in U.S.,” reaffirming Mexico “as a nation open to the world on trade.” The peso is leaking lower as he speaks, erasing post-inauguration gains.

Further headlines include:

• *MEXICO PRESIDENT PENA NIETO SPEAKS IN MEXICO CITY
• *PENA: MEXICO REAFFIRMS ITSELF AS NATION OPEN TO WORLD ON TRADE
• *PENA: MEXICO WILL DIVERSIFY, STRENGTHEN WORLD TRADE POSITION
• *PENA NIETO: MEXICO IS BECOMING A GLOBAL LOGISTICS CENTER
• *PENA: MEXICO WILL KEEP, STRENGTHEN RELATIONSHIPS AROUND WORLD
• *PENA NIETO: MEXICO WILL STRENGTHEN ROLE IN CARIBBEAN, LATAM
• *PENA: MEXICO LOOKING TO STRENGTHEN TRADE W/ ARGENTINA, BRAZIL
• *MEXICO SEEKS STRATEGIC ALLIANCES WITH MIDDLE EAST COS.: PENA
• *PENA NIETO: MEXICO WILL TAKE ACTIONS TO DEFEND INTERESTS W/ U.S
• *NEITHER CONFRONTATION, NOR SUBMISSION IN U.S. TALKS: PENA NIETO
• *U.S.-MEXICO RELATIONS OF UTMOST IMPORTANCE FOR U.S.: PENA NIETO
• *MEXICO WILL SEEK U.S. RESPECT RIGHTS OF IMMIGRANTS: PENA NIETO
• *U.S.-MEXICO SHOULD AID CENTRAL AMERICA TO STOP IMMIGRATION:PENA
• *PENA NIETO: U.S. MUST WORK W/ MEXICO TO PREVENT GUN SHIPMENTS
• *PENA NIETO: MEXICO, U.S., CANADA FREE TRADE MUST CONTINUE
• *NORTH  AMERICA TRADE SHOULD BE FREE OF TARIFFS: PENA NIETO
• *PENA NIETO: WE WILL DEFEND RIGHT OF COS. TO INVEST IN MEXICO
• *PENA NIETO: MEXICO DOESN’T BELIEVE IN WALLS
• *PENA NIETO: MEXICO, U.S. MUST INVEST IN BORDER INFRASTRUCTURE
• *PENA NIETO: GOVT WILL SUPPORT SENATE IMMIGRATION INITIATIVE
• *PENA: CONSULATES TO REDOUBLE EFFORTS TO DEFEND MEXICANS IN U.S.