Thursday, July 26, 2007

Mexican Peso Declines to Six-Week Low Amid Equities Rout, Growth Concern

(Bloomberg) -- Mexico's peso fell to a six-week low
as investors retreated from riskier assets and global stock
markets declined.

The currency also slumped for a third day after the U.S.
said orders for durable goods excluding transportation also
unexpectedly fell 0.5 percent in June, raising concern that a
U.S. slowdown could spill over into Mexico.


Read more at Bloomberg Currencies News

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