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Mexico central bank sells an additional US$200 mln amid peso weakness

The peso weakened to 18.2050 per dollar on Friday morning.

Mexico central bank sells an additional US$200 mln amid peso weakness
15/01/2016 |18:48Reuters |
Redacción El Universal
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Mexico's central bank sold an additional US$200 million of US$200 million offered in a second auction on Friday as the peso hit a fresh record low on falling oil prices.

The central bank sold the dollars at an average weighted price of 18.1880 pesos per dollar, bringing the total auctioned to US$400 million on Friday.

The supplemental auction is triggered when the currency is trading 1.5 percent weaker than its fix rate in the previous session.

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The peso weakened to 18.2050 per dollar on Friday morning.