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Business & Finance

Mexico's central bank renews 30-day hedge contract auction

MEXICO CITY: Mexico's central bank on Tuesday called an auction for April 5 to replace $200 million worth of h
Published April 4, 2017 Updated April 4, 2017 07:47pm
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By Shoaib Ur Rehman
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mexico-flag-1024MEXICO CITY: Mexico's central bank on Tuesday called an auction for April 5 to replace $200 million worth of hedging instruments issued a month ago with paper that expires May 8.

The Mexican Peso pared losses after the announcement and was down roughly one percent to 18.8570 per dollar, compared to 18.9200 earlier.

 

Copyright Reuters, 2017
 

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