The “Banco de México”, Mexico’s central bank said on Monday August 24th that it sold $200 million in an auction after a sharp drop in the peso to a record low.
The central bank sold dollars at a weighted average of 17.1518 pesos per dollar.
“Banco de México” offers $200 million whenever the peso slumps more than 1 percent from the previous day’s fix rate. It sells another $200 million every day without a minimum price trigger.
Mexico could further bolster its defense of the peso or raise interest rates ahead of its September monetary policy since the peso passed the 17 per dollar level, a Reuters poll showed earlier this month.
(Reporting by Miguel Gutierrez and Alexandra Alper)
more recommended stories
Prisma Hotel Group announces investment of 357 million for remodeling hotels nationwide
With the objective of always providing.
Trump’s ‘Tent Cities’: where unaccompanied minors are kept in South Texas
According to Esquire: Beyond the moral and.
“Mayas y Piratas” Festival in Chetumal
The Bay of Chetumal will host.
The current ESAY premises will be turned into the new University of the Arts
“The transformation of the Higher School.
Growth in tourism is expected in Valladolid during the summer holiday season
After carrying out various promotional activities,.
TIME Magazine Powerful Cover: Welcome to America
It is of public knowledge, Donald.
More employment opportunities in Yucatán
Yucatan registered a favorable 18% trend.
PROFEPA seizes wild animals in Motul, Yucatán
During an inspection visit in response.
In press release, CONAGUA discards versions of “water privatization” in Mexico
The ten Water Reserve Decrees published.
Campeche shows the highest growth in FDI at national level
Campeche was the entity that grew.