Power to the peso

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Increases in global financial market volatility and associated emerging market risk aversion have hit Mexico at a time of heightened domestic political uncertainty. This has made life increasingly uncomfortable for investors with exposure to its assets, and the Mexican peso (MXN) one of the more volatile of the world's major currencies. A corresponding rise in the value of the US dollar against the Mexican peso has underscored the latter's vulnerability to external shocks, and raised some

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