# Mexico central bank governor says dollar sales an option after peso losses By Reuters

> Mexico's central bank governor said selling dollars is an option for the bank after the peso hit all-time lows that week. He added that the bank prefers foreign exchange auctions because they do not reduce foreign reserves.

- Date: 2020-03-13 · published 2020-03-13T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/54340-mexico-central-bank-governor-says-dollar-sales-an-option-after-peso-losses-by
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The central bank's currency defense shapes the peso's path, which determines the local cost of imported feed ingredients for Mexican buyers. The comments themselves carry limited direct price impact on grains.

## Read by commodity

- USDMXN: neutral

## Sources

- investing.com: https://www.investing.com/news/economy/mexico-central-bank-governor-says-dollar-sales-an-option-after-peso-losses-2110140

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.