Central bank sells $123 million in pesos after new low

Reuters – Mexico’s central bank said on Friday it had sold $123 million of $200 million offered after a sharp drop in the peso to a record low triggered an auction. The auction is triggered when the peso slumps more than 1 percent from the previous day’s fix rate. On Friday, the peso hit a fresh record low of 16.93 per dollar.

http://www.reuters.com/article/2015/08/21/mexico-peso-idUSE1N0WB01Y20150821

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