Mexico vows to sell dollars to halt peso’s slide

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NewsAmericas
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Expedia.com

FILE - In this Aug. 31, 2010 file composite, made from images released by the Bank of Mexico shows the new 500 peso bill that began circulating on Aug. 30. Mexico is ready to intervene in currency markets to fight the peso’s fall against the dollar amid concerns over dropping oil price and a possible increase in U.S. interest rates. The country’s Exchange Commission said that as of Tuesday Dec. 9, 2014, the government will begin a daily auction of $200 million whenever the peso falls at least 1.5 percent from the previous day. (AP Photo/Banco de Mexico, File)MEXICO CITY (AP) — Mexico is ready to intervene in currency markets to fight the peso’s fall against the dollar amid concerns over dropping oil prices and a possible increase in U.S. interest rates.

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