Mexico to sell dollars to support falling peso

WSJ – The Bank of Mexico will sell additional dollars to support the peso, which fell this week to its weakest level to date against the U.S. dollar. For the next three months, the central bank will offer $52 million a day at auctions, in addition to the $200 million it sells on days when the peso weakens 1.5 percent from the previous session’s fixing.

http://www.wsj.com/articles/mexico-to-sell-dollars-to-support-peso-1426087391

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