peso

El gobernador del Banco de México dijo que la percepción de las autoridades financieras es que el tipo de cambio está desalineado con respecto a los valores que son congruentes con el marco macroeconómico

El dólar en ventanillas bancarias finalizó en 18.65 pesos, 54 centavos menos respecto al cierre de ayer

The peso responded to the fall of an expected agreement between major oil producers.

The peso sank 1.5 percent to 19.2225 per dollar, its lowest since a 1993 revaluation.

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.