World Economy

Mexico, Colombia Pesos Fall

Mexico, Colombia Pesos FallMexico, Colombia Pesos Fall

Both the Mexican and Colombian pesos dropped, hurt by fresh US data that boosted the dollar and a slump in the oil price late in the session, Reuters reported. The two currencies, which have hit a series of record lows, had been on track to post weekly gains for a second time in a row, but in the end only the Colombian peso posted a gain for the week. The Mexican peso ended the day down 0.88% at 18.29 pesos per dollar, and was down 0.35% for the week. The Colombian peso lost 0.95% on Friday, but rose 0.32% over the last seven days.