The Mexican Treasury and central bank's FX commission announced some measures to provide liquidity in FX markets.





Daily auction without minimum price: increase from 52mn to 200mn USDMXN.

Daily auction with minimum price: decrease in the minimum price from 1.5% to 1.0% above last FIX.

Both measures will be in place starting tomorrow until September 30, when the FX commission would reassess the parameters of such auctions. It is worth keeping in mind that they could step in at any time.



According to Barclays, implications of these measures can be,

