×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: mexico | peso | forex | intervention

Mexico Central Bank Confirms Second Forex Intervention, Sells Dollars in Asian Trade

Mexico Central Bank Confirms Second Forex Intervention, Sells Dollars in Asian Trade

(Getty/Yuri Cortez)

Friday, 06 January 2017 10:07 AM EST

Mexico's central bank confirmed on Friday it had sold dollars during the Asian trading session on Friday, its second intervention the day after it did the same during Mexican and U.S. trading hours to fight a slump in the peso.

At 7:45 a.m. Mexico City time, the peso was up 0.53 percent at 21.31 pesos per dollar.

The bank sold dollars in Asian trading hours, according to an official who declined to be named. The bank did not confirm the amount or exact timing of the intervention.

Mexico's currency has been battered by the election of Donald Trump as U.S. president, who has threatened to scrap a trade deal between Mexico and the United States and block money transfers.

He has also attacked companies that invest in Mexico to produce goods to be sold in the United States.

On Thursday, the central bank sold at least $1 billion in U.S. currency in morning trade, four traders told Reuters, asking not to be identified because they were not authorized to speak publicly.

© 2022 Thomson/Reuters. All rights reserved.


Markets
Mexico's central bank confirmed on Friday it had sold dollars during the Asian trading session on Friday, its second intervention the day after it did the same during Mexican and U.S. trading hours to fight a slump in the peso.
mexico, peso, forex, intervention
171
2017-07-06
Friday, 06 January 2017 10:07 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved