December 30, 2015 / 9:17 PM / 2 years ago

Mexico's central bank sells $6 million after peso slump

MEXICO CITY (Reuters) - Mexico’s central bank on Wednesday said it sold $6 million of $200 million offered in an auction after the peso weakened sharply and the small amount underscored thin liquidity at year-end.

The central bank said it sold the dollars at an average weighted price of 17.3788 pesos per dollar. The peso has slumped back near to a record low even after the central bank raised interest rates earlier this month to support the currency.

An auction is triggerd when the currency is trading 1 percent weaker than its fix rate in the previous session.

Reporting by Michael O'Boyle

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below