Mexican Currency Falls to Two-Week Low as Global Stocks Slide

By Valerie Rota

Jan. 13 (Bloomberg) -- Mexico’s peso fell to the lowest in almost two weeks as a slide in global stock indexes curbed demand for higher-yielding assets in developing nations.

The peso declined 0.5 percent to 13.8453 per U.S. dollar at 9:03 a.m. New York time, from 13.7718 yesterday. It touched 13.9040, its weakest since Dec. 31. Most emerging-market currencies fell against the dollar today.

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