Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mexico’s Peso Sinks After Retail Sales Fall Most in Three Years

Mexico’s peso fell as a report showed retail sales fell the most in three years in February, damping the outlook for the country’s economic expansion.

The currency depreciated 0.6 percent to 12.3414 per dollar at 9:10 a.m. in Mexico City for the biggest decline on a closing basis since April 15. The drop pared the rally in 2013 to 4.1 percent, still the biggest gain among the greenback’s 16 major counterparts tracked by Bloomberg.

The national statistics agency said that Mexico’s retail sales fell 2.6 percent from a year earlier in February, the biggest drop since October 2009. Expansion in Latin America’s second-biggest economy will slow to 3.55 percent this year, according to the median forecast of analysts surveyed by Bloomberg, after growing by 3.9 percent in 2011 and 2012.

Yields on Mexico’s peso bonds due in 2024 fell four basis points, or 0.04 percentage point, to 4.57 percent, according to data compiled by Bloomberg. It’s an all-time low on a closing basis. The price rose 0.37 centavo to 148.99 centavos.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.