Puerto Vallarta News

Puerto Vallarta News

Agustin Carstens

Mexico peso continues to fall, hits new low

The Mexican peso tumbled on Monday for a third consecutive day to its weakest since a surprise interest rate hike in February aimed at fending off speculators.

Fears that Britain may be on the verge of voting to leave the European Union next week have sent investors scurrying for the safety of U.S. Treasuries, weighing on emerging market assets.

Traders also held back risky bets ahead of a U.S. Federal Reserve meeting this week, though most believe the central bank will stand pat.

The Mexican peso fell by as much as 1 percent to 18.8275 to the . . .

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