Traders are falling over themselves this week to unload Mexico’s currency, on fears that a U.S. economic downturn would savage Mexico’s economy. The peso plunged to nearly 13.2 per dollar on Thursday from 12.3 on Wednesday and 10.9 at the end of September. The latest dive has occurred despite heavy intervention by Mexico’s central bank to stem the rout. It’s the peso’s biggest drop in value since the country’s 1994 devaluation. This is panic behavior,” said Alberto Bernal, head of emerging-markets research at Bulltick Capital Markets in Miami. “It has nothing to do with Mexico and everything to do with ….Read More