Mexico's Peso Leads Losses as Global Rout Outweighs Dollar Sales
- Peso joins slide in emerging-market currencies and equities
- Banxico sells $400 million in a bid to bolster currency
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Mexico’s peso led losses among the world’s major currencies as a rout in emerging markets overshadowed central bank sales of $400 million to support the currency.
The peso sank 1.2 percent to 18.6714 per dollar, the most among 16 major currencies tracked by Bloomberg. Its 7.8 percent slide since the end of December marks the worst start to any year since the 1993 redenomination.