Wed Mar 24, 2010 11:45am EDT Related News Mexico peso slips as Portugal downgrade weighsWed, Mar 24 2010Mexico peso sinks to 2-week low on Greece woesMon, Mar 22 2010Mexico peso extends losses as Greece woes weighFri, Mar 19 2010Mexico peso extends losses on finmin"s commentsThu, Mar 18 2010
MEXICO CITY, March 24 (Reuters) - Mexico"s peso weakenedsharply on Wednesday after a ratings firm downgraded Portugal"sdebt, stoking worries that rising government deficits couldimpede a global economic recovery.
The peso MXN=MEX01 lost 0.62 percent to 12.558 per U.S.dollar, also hurt by weaker-than-expected new home sales inFebruary in the United States, Mexico"s top trading partner. (Reporting by Michael O"Boyle; Editing by James Dalgleish)
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