Mexican central bank Governor sees no need of extra Peso intervention
|Bloomberg reports comments from Banco de México (Banxico), the Mexican central bank, Governor Alejandro Diaz de Leon is on the wires now, delivered on Sunday in an interview in Washington.
Key Points:
MXN sell-off does not warrant intervention.
The peso's retreat in the past few days hasn't been marked by the kind of liquidity shortage that would dictate additional intervention beyond what's already happening.
Peso fell 2.6 percent last week.
“For us the critical issue, more than the price swings, is market conditions, and to have liquid and adequate market conditions. So far, that has been the case.”
most among 31 world major currencies, after two polls showed leftist presidential candidate Andres Manuel Lopez Obrador widening his lead ahead of the nation's July 1 election.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.