Mexico central bank sells US$200 mln after peso weakens sharply

Mexico's central bank on Thursday said it sold US$200 million of US$200 million offered in an auction after a sharp slump in the peso currency.

The central bank sold the dollars at an average weighted price of 17.1924 pesos per dollar. An auction is triggered when the currency is trading 1 percent weaker than its fix rate in the previous session.