THE WALL STREET JOURNAL: Mexican Peso Hit by Risks From Brexit to Trump

06/15/2016

|

admin-wita

June 14th, 2016 | By: Anthony Harrup

MEXICO CITY—Mexico’s peso slid Tuesday to its weakest level against the U.S. dollar since February, moving toward the record lows that prompted the central bank earlier this year to raise interest rates and intervene directly in the foreign exchange market.

The prospects of higher U.S. interest rates in coming months, concerns that the U.K. will vote next week to leave the European Union, and the possibility that Donald Trump could win the U.S. presidential election in November have all put downward pressure on the currency in the past month.

To read the full article please click here