1. But many analysts already wonder whether Mexico will need even more to support the peso, pay off its loans and shore up a weakened banking system. 2. But U.S. efforts to help are not directly aimed at supporting the peso or relieving Mexico of its obligations to pay off the bonds. 3. Many commercial banks sapped their peso reserves to snap up the dollars that the central bank sold recently to support the peso against the dollar, economists said. 4. Since then prices have risen sharply and investors have shied away, and the government needs a major infusion of cash to support the peso and restore confidence. 5. The Bangko Sentral has scaled back the use of its main policy weapons, higher interest rates and peso purchases to support the peso since Friday. 6. The Bangko Sentral has scaled back the use of its main policy weapons, higher interest rates and peso purchases, to support the peso since yesterday. 7. The change is also likely to support the peso because it makes it more expensive to finance the purchase of dollars, traders said. 8. The government, he added, would keep interest rates high to support the peso, but only as a temporary measure. 9. There was speculation that the Mexican government was actively selling some of its U.S. Treasury securities to raise cash to support the peso. 10. True, the Mexican government had sworn up, down and sideways that it would support the peso. |