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Markets

Mexico's peso currency deepens losses to hit new historic low

Trading on Monday marks the 16th straight session that the currency has weakened. Over that time, the peso has been
23 Mar 2020
  • Trading on Monday marks the 16th straight session that the currency has weakened. Over that time, the peso has been the most battered emerging market currency.

MEXICO CITY: Mexico's peso currency deepened losses on Monday to a hit new historic low, trading above 25 pesos per US dollar for the first time and marking a new blow to the country's slumping economy.

Trading on Monday marks the 16th straight session that the currency has weakened. Over that time, the peso has been the most battered emerging market currency.