The Mexican Peso fell sharply against the U.S. dollar in the European session on Monday, as the sell-off in crude oil rattled stock markets and added to fears over the spread of the coronavirus.

Oil prices fell after the OPEC meeting last week failed to reach a deal on output cuts.

Saudi launched an all-out oil price war by cutting its official oil prices and pledging to ramp up production following the breakdown in talks between OPEC and Russia.

The spread of virus sparked fears over a worldwide recession.

The Mexican Peso fell to a record low of 22.06 against the greenback, compared to Friday's closing value of 20.11.

US Dollar vs MXN (FX:USDMXN)
외환 차트
부터 10월(10) 2024 으로 11월(11) 2024 US Dollar vs MXN 차트를 더 보려면 여기를 클릭.
US Dollar vs MXN (FX:USDMXN)
외환 차트
부터 11월(11) 2023 으로 11월(11) 2024 US Dollar vs MXN 차트를 더 보려면 여기를 클릭.