The peso continues downward



The Mexican peso depreciation deepened today to be quoted on the 15 per dollar at midmorning, which imposed a new minimum mark in nearly six years.

According to financial sources, the Mexican currency was trading 15.14 per dollar, its lowest since March 2009 and decrease of 1.27 percent.

The decline occurs prior to the meeting of finance ministers of the euro area to discuss the Greek debt crisis and falling oil prices.

If you continue the peso devaluation, the Bank of Mexico could activate bond auction for 200 million dollars in the US currency 15.1520.

In window operations, the dollar sold up to 15.50 pesos in this capital.


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