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Mexico’s Peso Tumbles to 18-Month Low as Intervention Rejected

Mexico’s peso tumbled to the weakest since July 2012 along with other emerging-market currencies as concern grew that China’s economic recovery will stall and Turkey failed in attempts to stave off a slide in its lira.

The peso fell for a fourth day, dropping 0.4 percent to 13.46 per U.S. dollar at 4 p.m. in Mexico City, the weakest level on a closing basis since July 25, 2012. Today’s loss pushed the currency’s tumble on the week to 1.6 percent, according to data compiled by Bloomberg.