31.   Traders said the peso was supported by slack demand for the U.S. currency.

32.   To save foreign currency reserves, the government stopped supporting the peso and sharply boosted interest rates.

33.   Two days later, the government gave up on supporting the peso and its free fall accelerated.

34.   He declined to say to what extent the central bank may intervene to support the peso.

35.   Investors fear that the dollar will weaken if the United States jumps in too eagerly to support the peso.

36.   But it does signal to speculators that the international financial community is determined to support the peso.

37.   But he declined to say to what extent the central bank may intervene to support the peso.

38.   That level of intervention is basically symbolic but does signal to speculators that the international financial community is determined to support the peso.

39.   The gesture is seen mainly as a signal to traders that the international community will support the peso since the Mexican foreign exchange markets have not yet opened.

40.   The intervention by the Fed to support the peso has discouraged investors from considering the dollar as a refuge currency, Jadoul added.