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Mexico's FX commission extends dollar auctions

Friday, January 29, 2016

Mexico's currency commission said it will maintain a daily dollar auction program, dashing expectations that authorities could increase intervention efforts to prop up the battered peso.

The currency commission said it would continue to offer up to $400 million a day from Feb. 2 to March 31 whenever the peso sees sharp losses. The program was set to expire today.

Source: Reuters