Mexico's central bank intervened in the foreign exchange market on Friday, offering dollars directly to dealers after the peso hit a record low against the dollar. Mexico's central bank said in a statement the sales were aimed at improving liquidity in the market. The peso hit a record low earlier in the day.
The bank did not say how many dollars it had sold in the operations, which traders reported hours before the bank's announcement. The peso rallied as the bank offered dollars after it finished its regular dollar auctions at 1 pm (1900 GMT).
The peso had fallen more than 2 percent and traded as low as 14.9983 per dollar on Friday, prompting the central bank to sell the maximum $400 million in two auctions under its daily dollar auction policy. The currency rose following the interventions, but was still down 1.22 percent at 14.80 per dollar.