Thursday, October 09, 2008

Sell-off drives Mexican peso above 13-per-dollar mark

So much for the super peso.Traders are falling over themselves this week to unload Mexico’s currency, on fears that a U.S. economic downturn would savage Mexico’s economy.The peso plunged to nearly 13.2 per dollar on Thursday from 12.3 on Wednesday and 10.9 at the end of September.

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