
The commission said that it will suspend daily dollar auctions without a minimum price starting November 23, but will extend daily auctions with a minimum bid for up to US$200 million through January 29.
The commission said that it will suspend daily dollar auctions without a minimum price starting November 23, but will extend daily auctions with a minimum bid for up to US$200 million through January 29.
Mexico's Cemex operates in 50 countries and much of its income is in currencies that have sank against the dollar this year
After tapping both the dollar and euro markets earlier this year, the sovereign now has a yen deal in its sights .
It's nine cents over Friday's close.
The auction is part of an program to boost foreign exchange liquidity.
The greenback is traded at $16.90 in Banamex.
The psychological barrier of $17 pesos was broken today
Finance Minister Luis Videgaray said that on Saturday, a day after the Mexican currency hit a fresh low against the greenback.
The peso is facing one of its worst setbacks against the dollar.
The peso fell due to negative data in China