Mexico's Central Bank Won't Purchase U.S. Dollars in Next Three Months

(Bloomberg) -- Banco de Mexico will refrain from
selling dollars from its reserves in the August to October
period, according to a statement released today by the bank on
its Web site.

Banco de Mexico's said it won't sell dollars since it
didn't accumulate international reserves over the past three
months. This is the first time that Mexico's central bank will
hold off from selling dollars on a daily basis since it began
auctioning dollars in 2003 to reduce the cost of holding
reserves.


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