# Mexico announces dollar auctions as peso stumbles - BNamericas

> Mexico's central bank will add $500 million to its dollar coverage contract auctions, bringing the program to $5 billion. The move follows a sharp peso sell-off after the US tax reform and mid-December inflation data, which pushed the exchange rate near 20 pesos per dollar. The auctions will run in $250 million tranches starting January 25.

- Date: 2017-12-27 · published 2017-12-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/67704-mexico-announces-dollar-auctions-as-peso-stumbles-bnamericas
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Central bank intervention may cap near-term peso weakness, but the currency remains under pressure, which keeps Mexican feed import costs elevated.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/mexico-announces-dollar-auctions-as-peso-stumbles

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