Mexico's peso touched an 11-week low on Monday, leading a decline in Latin American currencies amid a global sell-off spurred by a surge in the number of coronavirus cases outside China.

Mexico's peso slumped 1.4%, in what could be its a third session running of declines. Stocks in the country fell 2.6% to their lowest in almost two months.

A 4.5% slide in oil price knocked Colombia's peso, putting it on track for its steepest one-day drop in nine months.

Chile, the world's largest producer of copper, saw its currency give up 1% as prices of the red metal fell on the London Metals Exchange. Santiago-listed stocks slumped 2% to their lowest in more than three months.

Copyright Reuters, 2020

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