Economic Calendar

Tuesday, November 11, 2008

Mexico's Currency Drops on Concern Economic Slump to Deepen

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By Valerie Rota

Nov. 11 (Bloomberg) -- Mexico's peso fell on mounting concern the global economic slump will deepen, sapping demand for developing-nation exports and reducing financial flows.

The peso slipped 0.8 percent to 12.9214 per U.S. dollar at 8:31 a.m. New York time, from 12.8222 yesterday.

To contact the reporter on this story: Valerie Rota in Mexico City at vrota1@bloomberg.net.




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