# Mexico's central bank to sell more peso coverage contracts | KTVU FOX 2

> Mexico's central bank said it will increase its currency coverage contracts by $500 million to support the peso amid concerns that the US tax overhaul could reduce investment flows. The peso had dropped to 19.72 per dollar on Friday, and the bank's move did not produce a rally. The peso has also been pressured by NAFTA renegotiation uncertainty.

- Date: 2017-12-27 · published 2017-12-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/67705-mexico-s-central-bank-to-sell-more-peso-coverage-contracts-ktvu-fox-2
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Persistent peso weakness raises the local-currency cost of imported US feed and raises Mexican demand risk for feed ingredients.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- ktvu.com: https://www.ktvu.com/news/mexicos-central-bank-to-sell-more-peso-coverage-contracts

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