The peso has been breaching intraday records lately and almost every day the traders are expecting some record breaking drop each time the prosecution panel suffers a technical defeat at the impeachment hearing.
The peso opened with a stunning weakness at Ps55.500 compared to the previous days closing of Ps52.780 to the US dollar. This unprecedented overnight freefall of Ps2.72 reflected the panicking investors and traders following the controversial senate vote the...
