FOREX-Dollar gains against euro on Deutsche Bank fears, falls vs Mexican peso

Tue Sep 27, 2016 3:28pm EDT
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* Dollar gains vs euro after Deutsche Bank shares hit record low

* Short-covering after U.S. debate boosts peso

* Dollar set for biggest percentage dip vs peso since mid-Feb

* Relief after debate supports dollar (Updates prices, adds comments)

By Sam Forgione

NEW YORK, Sept 27 (Reuters) - The U.S. dollar rose against the euro on Tuesday after concerns surrounding Deutsche Bank caused general unease over Europe's banking sector, while the Mexican peso rallied on short-covering after the first U.S. presidential debate.

Deutsche Bank shares hit a record low on Tuesday a day after Germany's biggest lender said it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities.

The euro was last down 0.29 percent at $1.1220, easing from an 11-day high of $1.1278 touched on Monday.

Concerns that capital levels at European banks in general need to be strengthened contributed to the euro's weakness, said Marvin Loh, senior global markets strategist at BNY Mellon in Boston.   Continued...