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Mexico Peso Weakens Past 14 Per Dollar for First Time Since 2012

Updated on

Mexico’s peso weakened past 14 per dollar for the first time in two years on speculation that falling oil prices will curb foreign investment as the country opens its energy industry to private drilling.

The peso fell 0.8 percent today to 14.1037 per dollar in Mexico City. Since June 2012, the currency has mostly traded in a range of 12 to 14.