Business · Markets · 2 hrs ago

Mexican peso falls more than 10% against the dollar over seven weeks

Mexican peso falls more than 10% against the dollar over seven weeks

The Mexican peso has weakened against the US dollar for seven straight weeks.

Over that period, it has lost more than 10% of its value against the dollar.

The peso is Mexico’s currency, while the US dollar is used in the United States.

When a currency weakens against another, more of it is needed to exchange for the same amount of the other currency.

The reported decline shows a sustained fall in the peso’s value against the dollar.

No cause for the fall or next steps are given.

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