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)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.