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Mexico peso hits fresh low on oil price plunge, Fed hike jitters

11/12/2015
17:08
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The currency slid 1.39 percent to 17.44 per dollar, before paring losses to 17.3250.

Mexico's peso weakened on Friday to a new record low on a slump in oil prices and expectations the U.S. Federal Reserve will hike interest rates next week.

The currency slid 1.39 percent to 17.44 per dollar, before paring losses to 17.3250.

The fall could activate dollar auctions of up to US$400 million by the central bank later on Friday to underpin the currency.

 

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