Mexican central bank Governor sees no need of extra Peso intervention

Dhwani Mehta FXStreet

Bloomberg reports comments from Banco de México (Banxico), the Mexican central bank, Governor Alejandro Diaz de Leon is on the wires now, delivered on Sunday in an interview in Washington.

Key Points:

MXN sell-off does not warrant intervention.

The peso's retreat in the past few days hasn't been marked by the kind of liquidity shortage that would dictate additional intervention beyond what's already happening.

Peso fell 2.6 percent last week.

“For us the critical issue, more than the price swings, is market conditions, and to have liquid and adequate market conditions. So far, that has been the case.”

most among 31 world major currencies, after two polls showed leftist presidential candidate Andres Manuel Lopez Obrador widening his lead ahead of the nation's July 1 election.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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