The peso fell to its lowest levels since November.
Analysts blamed the slide on investors’ fears about the effect of lower oil prices on the troubled Mexican economy. Early in the day, private exchange houses in Mexico City offered 500 pesos for each dollar on the free market and demanded 515 pesos to buy one. A few hours later, they lowered the rates to 485-500. Along the U.S.-Mexico border, U.S. banks were quoting rates of 470-491.
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