| | |  Business News | October 2008 
Mexico Peso Trades Near Record Low on Waning High-Yield Demand
 Valerie Rota - Bloomberg
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| | An employee exchanges Mexican pesos to American dollars at a currency exchange in Mexico City on Jan 24, 2008. (Susana Gonzalez/Bloomberg News) | | |
Mexico's peso traded near a record low amid a decline in most emerging-market currencies and global stocks as investors pulled out of higher-yielding assets.
The peso fell as much as 3 percent to 14.3017 per U.S. dollar, from 13.879 yesterday.
It traded at 13.5857 at 9:08 a.m. New York time.
Fifteen of the 26 most-traded currencies in developing nations fell against the U.S. dollar today.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1(at)bloomberg.net. |
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