CORRECTED-Mexico's central bank suspends daily dollar auction

Mon Apr 8, 2013 4:18pm EDT

(Corrects headline to read "dollar" auction)

MEXICO CITY, April 8 (Reuters) - Mexico on Monday said it would suspend a mechanism for dollar auctions triggered by sharp moves in the peso, which was put in place in November, 2011.

The foreign exchange commission said in a statement that volatility in the exchange rate had decreased, which meant that such auctions were no longer necessary. (Reporting by Krista Hughes and Alexandra Alper)

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