June 14th, 2016 | By: Anthony Harrup
MEXICO CITY—Mexico’s peso slid Tuesday to its weakest level against the U.S. dollar since February, moving toward the record lows that prompted the central bank earlier this year to raise interest rates and intervene directly in the foreign exchange market.
The prospects of higher U.S. interest rates
in coming months, concerns that the U.K. will vote next week
to leave the European Union, and the possibility that Donald Trump
could win the U.S. presidential election in November have all put downward pressure on the currency in the past month.
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