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Mexico Central Bank Sells Dollars To Curb Currency Volatility

Mexico's central bank intervened in the foreign exchange market for the first time in more than two years as the currency weakened to its lowest level since March 2009.

The Bank of Mexico sold $200 million in an auction at an average price of 14.7544 pesos each.

The currency weakened notably after the release of strong U.S. economic reports and continuing decline in oil prices. The central bank last sold dollars in July 2012.

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