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Mexico warns of China 'perverse' currency wars

Friday, January 8, 2016

Chinese market turmoil and the renminbi’s fall to a four-year low against the US dollar risks the prospect of “perverse” currency wars, Mexico has warned.

Latin America’s second-biggest economy would be in the front line since the peso is the most widely traded emerging market currency and is often used by traders as a proxy.

Source: Financial Times