Wednesday, July 25, 2007

Mexico's peso slumps on US economy; stocks fall

(Reuters) - The peso finished local trading 0.56 percent
weaker at 10.869 per dollar, while the benchmark IPC stock
index slipped 1.14 percent to 31,103.53 points.




U.S. existing-home sales fell more than expected in June,
increasing worries about U.S. economic growth. The United
States buys nearly 90 percent of Mexican exports, and trouble
in the U.S. subprime mortgage sector has weighed on markets in
both countries in recent weeks.


Read more at Reuters.com Bonds News

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