By Valerie Rota
Oct. 22 (Bloomberg) -- Mexico's peso fell to the weakest level in more than a week on concern the global economic slump will deepen, reducing demand for emerging-market assets.
The peso dropped 2.2 percent to 13.5291 per U.S. dollar at 8:42 a.m. New York time, from 13.2366 yesterday. It touched 13.7745, the weakest level since Oct. 10.
The price of oil, the nation's biggest export, retreated. Global stocks declined.
To contact the reporter on this story: Valerie Rota in Mexico City at vrota1@bloomberg.net.
Wednesday, October 22, 2008
Mexico's Peso Falls to One-Week Low on Concern Slump Deepening
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