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No fears of currency war: Mexico central bank

Tuesday, May 27, 2014


Mexico has enough currency reserves to withstand "jittery spirits" in currency markets, according to the Governor of the Bank of Mexico, Agustin Carstens, who brushed off fears of a "currency war".

Carstens said he had faith in the U.S. Federal Reserve, which he believed had gone out of its way to reassure markets and stress that central banks should focus on growth and recovery rather than exchange rates.

"I think that has helped calmed down jittery spirits in markets," he added.

Source: CNBC