Markets

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

Published November 8, 2012 Updated November 8, 2012 10:08pm

 

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