Mexico's peso falls sharply on US economy concerns

(Reuters) - The peso was off 0.52 percent at 10.864 per
dollar, while the benchmark IPC stock index slipped 0.70
percent to 31,242 points.




U.S. existing-home sales fell more than expected in June,
bolstering worries about U.S. economic growth. The United
States buys nearly 90 percent of Mexican exports, and trouble
in the U.S. subprime mortgage sector has weighed on equities in
both countries in recent weeks.


Read more at Reuters.com Bonds News