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Peso slumps to almost one-month low
The peso shed 1.1 percent to 17.07 per dollar, its weakest since August 28.
Mexico's peso has slumped to a series of record lows in recent months. (Photo: Archive/El Universal)
Mexico's peso slumped sharply on Wednesday to its weakest in nearly a month.
The peso shed 1.1 percent to 17.07 per dollar, its weakest since August 28.
Mexico's central bank (Banxico) sold US$400 million in an auction today to support the peso. This is the third time that Banxico auctions dollars this week.
