Created Tue 10th Feb 8:53am PST by 
jsevigny
jsevigny 
Will Mexico's Central Bank intervene again in 2009 to stop the plunge of the peso?
Background: Mexico's foreign reserves fall by $1.5 billion
1 hour, 10 minutes ago
(AP:MEXICO CITY) Mexico's federal reserves have fallen by $1.5 billion in the past week due to central bank intervention to prop up the battered peso.
The bank says in its report Tuesday that Mexico's federal reserves now stand at $82 billion.
The bank sold $1.06 billion directly to banks over a three-day period last week to boost the peso after it fell a week ago to a record low of 14.6. It spent another $400 million auctioning off reserves.
The peso has lost more than 30 percent of its value against the dollar since August.
It continued its seesaw action Tuesday, weakening slightly to 14.26 in early trading against the dollar after closing at 14.14 Monday.
1 hour, 10 minutes ago
(AP:MEXICO CITY) Mexico's federal reserves have fallen by $1.5 billion in the past week due to central bank intervention to prop up the battered peso.
The bank says in its report Tuesday that Mexico's federal reserves now stand at $82 billion.
The bank sold $1.06 billion directly to banks over a three-day period last week to boost the peso after it fell a week ago to a record low of 14.6. It spent another $400 million auctioning off reserves.
The peso has lost more than 30 percent of its value against the dollar since August.
It continued its seesaw action Tuesday, weakening slightly to 14.26 in early trading against the dollar after closing at 14.14 Monday.
Settlement details:As reported by a major mainstream news source.
Forecast history %
| Yes |
| ||||
| No |
|
Question suspends in 5 weeks
- Activity: H$25,712 |
- Predictions: 31 |
Comments: 0
Get widget!Predictions (31)
frogchop
predicted No (H$5,000 at 77%)
bigken1
predicted No (H$1,000 at 74%)
predicted No (H$50 at 70%)Comments (0)
Stake virtual dollars on the outcomes of real news stories! Win more if you're right and climb the leaderboards Learn more...
By joining you are agreeing to our terms of service
Related News 
This news is selected automatically based on the question, its background, options and tags
This news is selected automatically based on the question, its background, options and tags
score: 10
Reuters 27 weeks ago
(Adds analysts comments, closing prices) MEXICO CITY, May 13 (Reuters) - Mexico's peso weakened on Wednesday and stocks fell sharply after weak U.S. retail sales data dampened hopes of a quick economic recovery in
score: 10
Reuters 27 weeks ago
(Adds analyst comment, debt yield, background) MEXICO CITY, May 13 (Reuters) - Mexico's peso fell sharply on Wednesday and stocks dropped after weak U.S. retail sales data dampened hopes of a quick economic recovery in
score: 10
Reuters 27 weeks ago
(Recasts, adds analyst comment and closing prices) MEXICO CITY, May 12 (Reuters) - Mexico's peso weakened on Tuesday, bonds fell and stocks sank after Standard & Poor's revised its outlook on Mexico's credit rating from
score: 10
Forbes.com 28 weeks ago
(Recasts, adds closing prices) MEXICO CITY (Reuters) - Mexico's peso firmed Friday and stocks rose to a seven-month high as U.S. stress test results and reassuring jobs data fueled hopes the worst is
score: 10
Reuters 28 weeks ago
(Recasts; adds closing prices) MEXICO CITY, May 6 (Reuters) - Mexico's peso rallied on Wednesday and stocks hit a seven-month high as U.S. data backed views that the recession there is nearing a
Related Tags
No comments yet
Please log in or join to add a comment