The Mexican peso is still getting slammed

The Mexican peso has recovered some of its losses, but remains significantly weaker.
The currency is down by 8.4% at 19.8609 per dollar as of 7:11 a.m. ET. Earlier on Tuesday night, it dropped by over 13% as president-elect Donald Trump took control of key battle states.
The Bank of Mexico announced early Wednesday that it will hold a news conference later in the day. Some economists think the bank may hike rates by 75-150 basis points amid the peso's turmoil.
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