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Mexico's peso dips more than 1 pct ahead of Fed minutes
August 21, 2013 / 3:31 PM / 4 years ago

Mexico's peso dips more than 1 pct ahead of Fed minutes

MEXICO CITY, Aug 21 (Reuters) - Mexico’s peso weakened 1.48 percent on Wednesday before paring losses as speculation swirled that U.S. Federal Reserve minutes due out later in the day will reinforce expectations of a pullback in economic stimulus policies next month.

The peso fell to 13.1650 per dollar, before strengthening to 13.156 per greenback, on fears of a tapering in the Fed’s bond-buying program, which has supported investor appetite for emerging market assets.

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