Reuters: US Dollar Report: Mexico's peso breaks 100-day SMA, extends losses

Reuters: US Dollar Report Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Mexico's peso breaks 100-day SMA, extends losses Nov 8th 2012, 18:45 MEXICO CITY | Thu Nov 8, 2012 1:45pm EST MEXICO CITY Nov 8 (Reuters) - Mexico's peso weakened sharply to a two-month low on Thursday as global markets fell on mounting concerns about U.S. lawmakers ability to stave off a "fiscal cliff" that threatens the U.S. economic recovery. 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.

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