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Mexican and Colombian fall amid oil slump

Tuesday, January 26, 2016


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