31. Shares suffered from concern that the peso could weaken more and rates rise further later in the weak. 32. Should the peso weaken further, banks then could repurchase pesos and make a profit. 33. Still, as the peso weakened against the dollar, investors grew concerned that interest rates could bounce back, raising borrowing costs. 34. The downside is that if the peso weakens, investors could see their gains in dollar terms wiped out. 35. The Mexican peso strengthened against the dollar as traders snapped up the currency after a smaller-than-expected trade surplus in April caused the peso to weaken. 36. The Mexican peso weakened against the dollar. 37. The Mexican peso weakened versus the dollar today following the announcement. 38. The peso has weakened this week on expectations that an economic slowdown in Asia will cut Chilean export revenue. 39. The peso also weakened against the dollar on concern that the attacks will discourage foreign investment in the Mexican economy. 40. The peso also weakened against the dollar on concern that the attacks will discourage foreign investment into the Mexican economy. |