Mexico's Videgaray sees over-reaction in markets to Fed statement

MEXICO CITY, June 20 Thu Jun 20, 2013 3:55pm EDT

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MEXICO CITY, June 20 (Reuters) - Markets have over-reacted to signals from the U.S. Federal Reserve bank that it is looking at winding down its bond purchase program, Mexico's Finance Minister Luis Videgaray said on Thursday.

"It's a matter of market over-reaction ... we have plenty of liquidity in the currency market," Videgaray told Mexican radio.

Mexico's peso has fallen sharply since Wednesday's announcement by the U.S. central bank, and the Mexican blue chip stock index fell by more than 4 percent on Thursday.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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