Mexico’s Peso Drops this Week

Last Updated: March 2, 2013 by
Categories: Mexico, Peso

Un peso un... pesoMexico’s Peso dropped 0.4 percent this week. But overall in 2013 it has increased 0.7 percent.

The peso drop is apparently due to spending cuts of $85 billion that U.S. Republicans and Democrats are fighting over. The decision affects Mexico because 80 percent of their exports go to the U.S.

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