Mexican peso slumps to new record low.

Its 4% drop in the past month is the steepest among Latin American currencies after Colombia’s peso.

The Mexican peso slumped to 16.44 per dollar on Wednesday July 22, a new record low after touching 16.33 on Monday July 20th.

Its 4% drop in the past month is the steepest among Latin American currencies after Colombia’s peso.

Recently Citigroup Inc. and JPMorgan Chase & Co. predicted the currency would slump to that level by the end of the third quarter. However, their projections were overrun by the unremitting weakening of the peso.

 

Source: http://www.eluniversal.com.mx/articulo/english/2015/07/22/mexican-peso-slumps-new-record-low





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