Mexico central bank set to shore up currency

MEXICO - The Mexican central bank is expected to tighten monetary policy on Monday to shore up support for the peso, which fell 3.5 per cent last week.

The Financial Times on Monday reports that the currency has come under pressure from continuing worries about the US economy, the Brazilian election, and Mexico's political stability after workers at the state oil monopoly Pemex, which provides a third of the government's revenue, threatened to strike.

It has fallen more than 13 per cent since

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