Jul 31, 2015

Mexican Peso’s Plunge Accelerates, and Central Bank Intervenes

Bloomberg: The Mexican peso’s decline gathered speed, falling by the most in eight weeks to a new record and prompting the central bank to sell $200 million under a currency-intervention program.

The peso slid 1.1 percent to 16.4708 per U.S. dollar as of 1:13 p.m. in Mexico City, sinking the most since June 5. Mexico’s currency has lost 10 percent this year. Read more. 

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