By Valerie Rota
Oct. 24 (Bloomberg) -- Mexico's peso fell to near a record low on mounting concern the global economic slowdown will deepen, sapping demand for developing nation exports.
The peso dropped 1.8 percent to 13.6615 per U.S. dollar at 8:29 a.m. New York time, from 13.4170 yesterday, when it touched a record low of 14.3017.
The peso has fallen 20 percent in October, heading for its worst monthly performance since December 1994, when Mexico devalued its currency to keep the nation from depleting its foreign reserves.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1@bloomberg.net.
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