Peso Plunges To 9-Month Lows As Corruption Probe Spreads

The Mexican peso is plunging (down over 1% today) to its weakest against the dollar since March after a former deputy in the ruling party in Mexico was arrested as part of a graft inquiry.
As Bloomberg reports, political uncertainty continued to weigh on the most-traded currency in emerging markets.

This post was published at Zero Hedge on Dec 21, 2017.