The Mexican peso fell to a three-month low against the dollar on Wednesday, as weak commodity prices and disappointing factory data from China pressured the currency toward levels that earlier this year triggered central bank intervention.
The peso fell as low as 18.6225 per U.S. dollar, the weakest since Feb. 17, when the central bank sold dollars directly to banks and unexpectedly raised its benchmark interest rate to fight off currency speculators.
Prices of crude, a key export and source of revenue for Mexico, fell below $49 per barrel on skepticism that major
producers could agree to . . .
