| Peso Does About-Turn After Banxico Increases Support to Control Steep Dive Mexico News Daily | |
| go to original August 3, 2015 |
 |
The peso shot up 1% Friday to 16.1088 to the U.S. dollar after the Bank of México announced it would increase its daily dollar sales and auctions to buy more pesos.
It was the strongest the peso has been since May 14; on Thursday it had dropped to 16.81 to the dollar.
The central bank upped its daily sales of pesos and its extraordinary auctions from US $52 million to $200 million, and suggested there might be an increase in its interest rate.
Most analysts seemed to think the strategy was the most appropriate.
Read the rest at Mexico News Daily
We invite you to add your charity or supporting organizations' news stories and coming events to PVAngels so we can share them with the world. Do it now!
Celebrate a Healthy Lifestyle
From activities like hiking, swimming, bike riding and yoga, to restaurants offering healthy menus, Vallarta-Nayarit is the ideal place to continue - or start - your healthy lifestyle routine.
Banderas Bay offers 34 miles of incomparable coastline in the states of Jalisco and Nayarit, and home to Puerto Vallarta and Riviera Nayarit's many great destinations.