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Banxico sells US$200 million after peso slump
The central bank sold the dollars at an average weighted price of 18.4289 pesos per dollar.
An auction is triggered when the currency is trading 1 percent weaker than its fix rate in the previous session. (Photo: Taken from Facebook - Divulgación Banxico)
Mexico's central bank (Banxico) 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 18.4289 pesos per dollar.
An auction is triggered when the currency is trading 1 percent weaker than its fix rate in the previous session.
