- Auction of dollars of Bank of Mexico Fails.
- The currency accumulates a fall of 11,38% during three months.
- The type of change closed in 13.6450 units by currency.
15,4 thousands go mdd in support to the weight to a trimester of the accomplishment of the auction of dollars to cushion volatileness in the type of change on the part of the Bank of Mexico (Banxico), the weight has registered in this period a fall of 11,38 percent, equivalent to a loss of 1,3950 pesos, in front of the American currency.
From the 8 of October to the closing of the session of yesterday, the central bank has auctioned 15 thousand 444 million dollars, in order to cushion the effect that produce on the exchange market the global movements towards values refuge fly to quality and the low ranks of operation.
The measurement of the monetary authority, along with the Commission of Changes, began in a rank of type of historical maximum change of 12,2500 pesos by dollar spot, that agreed with the fear of the confirmation of a recession in the EU and the losses of derivatives by exchange covers of Mexican companies.
Only yesterday, the Mexican currency lost 20,75 cents, equivalent to a backward movement of 1,54 percent, to back close in the 13,6450 pesos by dollar spot, leaving its good beginning of year, in spite of the auction of 266 million dollars of international reserves of the Banxico.
This, due to the negative expectation that had the investors in the data of the list nonagriculturist, who will publish itself today in the United States.
And she is that the participants of the markets realised covers to be prote’ge’s until knowing that indicator, because they fear that their result is pessimistic.
Mario Copca, director of Analysis and Strategy of the Exchange Market of MetAnálisis, explained that the importance of this economic data for the type of change is in the revelation of which is the volume of uses that are being lost in the EU. to leave the expectations of the economic agents above, it could put in risk a crisis of greater term.
Before this fear, the investors look for to cover themselves and realise covers or to goes towards values refuge fly quality, bringing about a depreciation in assets in weights.
Since the dollar has been debilitated, the weight against the Euro goes up to around the historical minimums of 18,70 units.
