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Mexican peso sinks to new low amid uncertainty

Friday, November 11, 2016

Mexico’s peso sank again on Thursday, taking its biggest two-day tumble in more than 20 years as investors worried about how US president-elect Donald Trump’s policies could hit exports from Latin America’s second largest economy.

The peso lost more than 3 percent to trade around 20.51 per dollar. That follows a major slump on Wednesday during a sell-off after Trump’s unexpected victory.

Source: Reuters