Mexican Peso to strengthen against a broadly soft USD over the medium-term – Wells Fargo USDMXN Mexico Banks Fed
USD/MXN can move toward 18.00 by the middle of this year
“Even with diverging paths for monetary policy between Banxico and the Fed, we believe the USD/MXN exchange rate can move toward 18.00 by the middle of this year and eventually trade with a 17 handle by the end of 2023 and into 2024.” Information on these pages contains forward-looking statements that involve risks and uncertainties.
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