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Mexico cenbank sells $200 mln in auction to renew forex hedges

MEXICO CITY, May 5 (Reuters) - Mexico’s central bank on Friday said it sold all of $200 million on offer in an auction of forex hedges that expire in 62 days.

The auction replaces $200 million worth of the instruments, which are similar to non-deliverable forwards that pay in pesos. (Reporting By Miguel Gutierrez; Editing by Chizu Nomiyama)

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