Mexico's currency hit its weakest level on record on Wednesday, part of a broader slump in regional currencies depressed by concern that Greece may leave the euro zone and that U.S. interest rates are headed higher.
Mexico is seen as particularly vulnerable to the effects of higher borrowing costs in the Unites States, its main trading partner. The country's manufacturing sector slipped in June to its lowest in 11 months, a survey showed, even before the potential U.S. rate hike.
"The drop in the PMI (purchasing managers' index) adds to the list of data from Mexico . . .
Already a Subscriber? Login Here
