Mexico Peso Leading Losses Shows Limits of Interest-Rate Boost

07/06/2016 Bloomberg

pesomexicanoThe Mexican peso posted the world’s biggest decline as investors grew increasingly pessimistic about the outlook for global growth following the U.K.’s decision to leave the European Union.

The peso tumbled 1.9 percent to 18.7667 per dollar at 1:53 p.m. in New York, leading losses among about 150 currencies tracked by Bloomberg and extending its decline since the referendum on EU membership to 2.9 percent.

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