MEXICO CITY, Aug. 27 (Xinhua) -- The Mexican peso dropped to an eight-month low and closed at 20.0245 per U.S. dollar in its interbank value of large operations on Tuesday, Mexico's central bank said.
This is the first time that the dollar has traded at more than 20 Mexican pesos since Dec. 18, 2018, when the exchange rate closed at 20.0625 pesos to one dollar.
On Monday, the Mexican currency closed at 19.9250 pesos per dollar given the volatility of the international markets.
The continuous commercial tensions worldwide have contributed to a comeback of international market jitters, said Gabriela Siller, director of economic-financial analysis at the Banco BASE financial group.
"Given that this increases the risk of a further global economic slowdown, capital markets in the U.S. suffered losses, as well as most currencies," Siller said in a report to its clients.