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Weekly Report - 11 December 2014 (WR-14-49)

MEXICO: Banxico intervenes in currency market

Mexico’s central bank (Banxico) announced on 8 December that it would start auctioning up to US$200m a day in the local spot currency market for an indeterminate amount of time in order to guarantee the availability of US dollars and ease some of the downwards pressure on the value of the Mexican peso.

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