Wednesday, September 18, 2013

Reuters: US Dollar Report: Mexico peso slumps toward 13/dlr ahead of Fed

Reuters: US Dollar Report
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Mexico peso slumps toward 13/dlr ahead of Fed
Sep 18th 2013, 15:17

MEXICO CITY, Sept 18 | Wed Sep 18, 2013 11:17am EDT

MEXICO CITY, Sept 18 (Reuters) - Mexico's peso weakened on Wednesday ahead of a statement from the Federal Reserve where the U.S. central bank is expected to trim back its unprecedented stimulus that has supported demand for riskier assets.

The peso shed 0.5 percent to 12.99 per dollar, heading toward the psychological 13 per dollar level.

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