Mexico Peso Falls as Europe Bailout Delays Stokes Growth Concern

Bloomberg, 07/16/2012

Mexico’s peso fell after a German court said it would take more than eight weeks to rule on the euro-area’s permanent bailout fund, fueling concern that the region’s debt crisis will take longer to be resolved.

Speculation that slowing global growth will hurt the market for Mexican exports helped make the peso Latin America’s worst- performing major currency in 2011.

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