March 18, 2020 / 2:49 PM / 19 days ago

Mexico central bank says it will carry out $2 billion currency auction

MEXICO CITY, March 18 (Reuters) - The Mexican central bank said on Wednesday that it would carry out a currency auction worth $2 billion later in the day, after the peso reached historic lows amid the global spread of the coronavirus.

The bank said in a statement that at the instruction of its currency commission, it would carry out the auction “with the objective of promoting better liquidity conditions.” (Reporting by Noe Torres; writing by Julia Love Editing by Drazen Jorgic)

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