Mexico central bank sells $123 mln after peso hits record low

viernes 21 de agosto de 2015 10:09 GYT
 

MEXICO CITY Aug 21 (Reuters) - Mexico's central bank said on Friday it had sold $123 million of $200 million offered after a sharp drop in the peso to a record low triggered an auction.

The central bank sold dollars at a weighted average of 16.8868 pesos per dollar. The auction is triggered when the peso slumps more than 1 percent from the previous day's fix rate. On Friday, the peso hit a fresh record low of 16.93 per dollar.

Mexico could further bolster its defense of the peso if it hits 17 per dollar and a disorderly move past that level could push the central bank to raise interest rates, according a Reuters poll earlier this month. (Reporting by Michael O'Boyle)