From Nikkei Asia · · 30s
Mexican peso falls as Aussie dollar holds
Mexican peso drops 7.2% against dollar in flight to quality.
In brief
Mexican peso drops 7.2% against dollar in flight to quality. High-yield currencies fell against the U.S. dollar as U.S. long-term yields rose above 5%. Originally reported by Nikkei Asia.
Mexican peso
Mexican peso drops 7.2% against the greenback over four weeks.
Aussie dollar
Aussie dollar resilient as high-yield currencies fall against U.S. dollar.
U.S. rates rise
U.S. long-term yields push above 5%, spurring selling of riskier currencies.
What it means
High-yield currencies fell against the U.S. dollar as U.S. long-term yields rose above 5%.
