Videgaray Says No Need to Intervene as Mexico’s Peso Weakens
This article is for subscribers only.
Mexico’s Finance Minister Luis Videgaray said there is no need to support the peso, which fell to its weakest in 18 months earlier today, because the market remains sufficiently liquid.
“The Mexican peso market is, fortunately, highly liquid and at the moment doesn’t require any support,” Videgaray said in an interview at the World Economic Forum in Davos, Switzerland. “We have a very liquid market and we don’t see the need to inject liquidity, to intervene.”