Markets

Mexico's peso weakens more than 2pc after Fed minutes

Published August 22, 2013 Updated August 22, 2013 12:28am

1 min

By Abdul Ahad

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MEXICO CITY: Mexico's peso extended earlier losses to weaken more than 2 percent on Wednesday after US Federal Reserve minutes showed a few policymakers thought last month it would soon be time to slow its massive stimulus program.

The peso slid to 13.2385 per dollar, its lowest level since late July.

The Fed's bond-buying program has supported investor appetite for emerging market assets.

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