Last updateFri, 13 Mar 2015 5pm

Peso plunge spurs inflation fears

The peso hit historic lows on two consecutive days this week, closing Tuesday at 15.62 to the U.S. dollar.

According to BloombergBusiness, the drop was caused mostly on “speculation U.S. interest-rate increases will reduce the appeal of higher-yielding emerging-market assets as the drop in oil prices damps the outlook for foreign investment.”

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