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Mexican peso could slide further as stimulus ends

Monday, June 3, 2013

Mexico's peso could slide even further if convictions mount that the massive monthly U.S. monetary stimulus is nearing an end.

It could also lead to an exodus of foreign investors who have piled into Mexican markets.

The dizzying slide in the currency, down about 7 percent in the past three weeks, came as investors worried the Federal Reserve might taper off on bond purchases.

Source: Reuters