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Mexico's peso continues to slipped. ending its worst last Friday which is the worst in a month. The U.S. automaker's rescue plan raised some concerns about its direct impact on Mexico's economy from Detroit's downturn.
The US economic recession is feared to affect Mexico which send almost 80 percent of its export to the troubled neighbor.
About 20 percent of Mexican peso's value against USD is pointed to the Global credit crisis and the US economic recession at hand. More detail on the link below.
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