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Mexico's central bank set further dollar auctions of $500 million each for November 1, 8, 15, 22 and 29 and December 6, after selling $1 billion in the first round. The program is capped at $20 billion and is aimed at stabilizing the peso amid NAFTA renegotiation uncertainty.
Mexican August retail sales also fell 0.2% year on year.
A scheduled dollar-auction program signals sustained central bank support for the peso, which can ease pressure on the cost of imported feed inputs. The weak retail data point to slowing domestic demand.
bnamericas.comOct 26, 2017Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
