# Mexico macro watch: Cenbank dollar auctions; August retail sales - BNamericas

> 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.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68690-mexico-macro-watch-cenbank-dollar-auctions-august-retail-sales-bnamericas
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bnamericas.com: https://www.bnamericas.com/en/news/mexico-macro-watch-cenbank-dollar-auctions-august-retail-sales

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