Mexican 500 peso banknotes depicting the image of Benito Juarez, Mexico’s former president, are arranged for a photograph in Tepic, Nayarit state, Mexico. (Photographer: Cesar Rodriguez/Bloomberg)

Mexico Peso Drops on Double Whammy From Ratings, Trade Talks

(Bloomberg) -- The Mexican peso fell more than 1% as the currency reeled from a one-two punch, the first from ratings agencies and the second from inconclusive trade talks with the U.S.