
Mexican central bank Governor Agustín Carstens said that it is appropriate to maintain current levels of currency intervention due to the collection of shocks facing the peso's exchange rate.

Mexican central bank Governor Agustín Carstens said that it is appropriate to maintain current levels of currency intervention due to the collection of shocks facing the peso's exchange rate.

Earlier on Friday, the central bank sold US$200 million in two auctions.

Mexican growth slowed in the fourth quarter due to flat industrial activity.

The economy grew by about 0.6 percent from the prior quarter, according to estimates by the national statistics agency.

The commission said it would continue to offer up to US$400 million a day from Feb. 2 to March 31 whenever the peso sees sharp losses.

"My sense is that there has been some overreaction in particular in the exchange rate," the Wall Street Journal quoted Carstens as saying.

El líder del PAN sostuvo que “el gobierno priísta” repite la fórmula de endeudamiento e impuestos que implementó a lo largo de 70 años, con resultados desastrosos para los mexicanos

Mexico's currency has tumbled 7 percent this year, hit by a collapse in international oil prices that have reached 13-year lows.

The Mexican cement giant is burdened with a heavy dollar-denominated debt load from its 2007 acquisition of Australian building products company Rinker.

The central bank sold the dollars at an average weighted price of 18.4399 pesos per dollar.