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Mexico's peso weakens more than 2 pct after Fed minutes
August 21, 2013 / 7:56 PM / 4 years ago

Mexico's peso weakens more than 2 pct after Fed minutes

MEXICO CITY, Aug 21 (Reuters) - Mexico’s peso extended earlier losses to weaken more than 2 percent on Wednesday after U.S. Federal Reserve minutes showed a few policymakers thought last month it would soon be time to slow its massive stimulus program.

The peso slid to 13.2385 per dollar, its lowest level since late July.

The Fed’s bond-buying program has supported investor appetite for emerging market assets.

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