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
Here is the link to the Bloomberg piece for more
