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RIO DE JANEIRO, BRAZIL - (Bloomberg) The Mexican peso fell for an eighth consecutive day Monday, its longest losing streak since 2011, taking it to the lowest since October as the coronavirus infected more people.

The peso weakened 0.7 percent as of 8:49 a.m. local time, bringing its decline in the past month to 4.8 percent, the worst performance in emerging markets after Brazil’s real. The Latin American nation has now reported five confirmed cases of coronavirus.

In a morning press conference, President Andres Manuel Lopez Obrador preferred to highlight the rally in the peso since . . .

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