Mexico’s central bank sells $200 Mn after slumps

MEXICO CITY: Mexico’s central bank on Tuesday said it sold $200 million of $200 million offered in an auction after the peso weakened sharply during the session.The central bank sold the dollars at an average weighted price of 16.5930 pesos per dollar.An auction is triggerd when the currency is trading 1 percent weaker than its fix rate in the previous session.

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