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Colombian and Mexican pesos drop amid oil drop

Monday, February 29, 2016

Both the Mexican and Colombian pesos dropped on Friday, hurt by fresh U.S. data that boosted the dollar and a slump in the oil price late in the session.

The two currencies, which have hit a series of record lows, had been on track to post weekly gains for a second time in a row, but in the end only the Colombian peso posted a gain for the week.

Source: Reuters