Mexico's Peso Slumps to Record Low as Markets Sink Miguel Angel Gutierrez - Reuters
go to original February 11, 2016

Agustin Carstens, governor of the Bank of Mexico (Susana Gonzalez/Bloomberg News)

Mexico's peso tumbled to a fresh record low on Thursday as investors dumped riskier assets around the world due to fears of about a global economic slowdown and stress in the banking system.

The peso sank 1.5 percent to 19.2225 per dollar, its lowest since a 1993 revaluation, weakening even as the central bank sold $400 million in two auctions.

The peso has weakened for the last six sessions, plunging about 5.5 percent.

See the original at Reuters

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Related: A Peso for Your Thoughts: Mexicans Are Angry about the Rising Dollar (Fusion)

Related: Top Forecaster Says Mexico May Raise Rate Any Moment on Peso (Bloomberg)

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