Mexican and Colombian fall amid oil slump

Mexico's and Chile's pesos weakened  as falling oil prices weighed on demand for riskier assets while Colombia's peso sank to a record low, hurt by concerns that less crude income will force budget cuts.

Crude prices resumed their slide after a strong two-day run last week, falling more than 4 percent on news that Iraq flooded a heavily over-supplied oil market with record output.




Source: Reuters