More on the MXN intervention story from earlier

More on the MXN intervention story from earlier

Headline comments from Banco de México (Banxico) Governor Alejandro Diaz de Leon earlier are here:

  • Mexican central bank head says MXN sell-off does not warrant intervention

More detail following now via Bloomberg:

  • 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
  • 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
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