Mexico's peso breaks 100-day SMA, extends losses

08 Nov, 2012

 

The peso shed 0.67 percent to 13.1581 per dollar, its weakest since early September.

 

Losses accelerated after the cost of dollars in pesos broke past its 100-day simple moving average, around 13.1280, and closed in on the currency pair's 200-day average near 13.17 per dollar.

 

Copyright Reuters, 2012

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