MXN review: Western Union

Quotes from Western Union:

- The Mexican peso's deep dive last week has forced the Mexican central bank to auction at 200 million or shore up the beleaguered currency which traded close to the financial crisis highs last week. 

- The firmer US Dollar took its toll on the Mexican Peso with lower crude oil price, which accounts for nearly a third of all Fiscal revenues for the federal government, providing the double whammy. 

- In December the Mexican Central bank had announced that it would hold daily auctions of $200 million whenever the Peso falls 1.5% or more from its previous day's closing.