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Mexico peso weakens sharply, stocks fall 1 pct
April 12, 2013 / 3:21 PM / 5 years ago

Mexico peso weakens sharply, stocks fall 1 pct

MEXICO CITY, April 12 (Reuters) - Mexico’s peso weakened sharply on Friday, extending early losses after unexpectedly weak March retail sales in the United States, Mexico’s top trading partner.

The peso shed as much as 0.61 percent to 12.1114 per dollar, before bouncing back to trade just under 12.10 per greenback.

The IPC stock index fell 1.05 percent to 43,944 points as billionaire Carlos Slim’s flagship telecommunications firm America Movil lost 2.5 percent.

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