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Peso weakens to 18.16/USD as oil surge and Banxico minutes weigh
El FinancieroLO·MX · US·3 days ago
The Mexican peso depreciated over 6% in September, its steepest monthly drop in over two years, making it one of the world's worst-performing currencies against the dollar. The move signals heightened investor concern over Mexico's economic or political outlook, though the specific drivers are not detailed in the report. This sharp depreciation could pressure inflation and influence Banxico's policy stance.
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