Forex Investment and Currency Trading

Some rumors that Mex Central Bank was intervening in FX spot  (high trade 14.32) but not confirmed at all & rather traders here see USDMXN spot (while horribly illiquid itself) as trading in sync w/USDBRL where Central Bank notably did intervene to sell U.S. Dollar in FX spot market. Had only taken few moments earlier this morning for Brazil FX futures contract to trade limit up on BMF suspending trading for day (Nov 4 NDF equiv) unless futures contract trade back < prevailing threshold (2.45) which it has after the intervention allowing BRL futures trading to resume. So shorting MXN in part likely to have been proxy trade for selling Latam & this flow on top of Dollar demand from Mex corps looking around at global market dislocations & deleveraging & worried about spillover effects on their ability to access USD.