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Mexico’s central bank says to hold dollar auctions totaling $1.5 billion – Metro US

Mexico’s central bank says to hold dollar auctions totaling $1.5 billion

FILE PHOTO: The facade of the Bank of Mexico building
FILE PHOTO: The facade of the Bank of Mexico building is pictured in downtown in Mexico City

MEXICO CITY (Reuters) – Mexico’s central bank on Monday said it will hold two dollar auctions of $750 million each on March 3 and March 8 through its $60 billion swap line with the U.S. Federal Reserve.

In December, the Bank of Mexico said it refreshed the swap line with the Fed until September 2021.

(Reporting by Dave Graham)