Mexican peso falls

01 Feb, 2009

Mexico's peso sank on Friday, hitting a record low against the safe-haven dollar, as grim economic data stoked worries the global recession is deepening, while disappointing earnings hit local stocks. The peso eased as much as 1.8 percent during early trade to 14.4444 per dollar, its weakest level since "new" pesos were introduced in 1993.

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