Bank of Mexico Won't Sell Dollars in Next 3 Months After Outflow, UBS Says

(Bloomberg) -- Banco de Mexico won't sell dollars
from August through October because of an outflow of
international reserves, UBS AG said in a report.

Banco de Mexico won't sell dollars in the next three months
for the first time since the bank began auctioning dollars on a
daily basis in 2003 in a bid to reduce the cost of holding
reserves, said Guillermo Aboumrad, a senior economist at UBS's
unit in Mexico City.


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