USD/MXN could run quick and sharp rebounds, seen at 19.80 by year-end – CIBC USDMXN Banks
USD/MXN Q1 forecast revised lower to 19.50
“We have revised our USD/MXN Q1 forecast lower to 19.50, from the previous 20.00, but kept our year-end“Local and external dynamics remain supportive of the Peso in the immediate term; nevertheless, Mexico’s large dependence on US growth is likely to prompt quick and sharp rebounds in USD/MXN should US labour/growthInformation on these pages contains forward-looking statements that involve risks and uncertainties.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD/CAD: Loonie prospects to improve by mid-year – CIBCThere is scope for near-term softness on the policy divergence that's underway between the Fed and BoC, but a broad weakening trend in the USD by mid-
Read more »
Weak global demand, rate hikes may curtail India growth, economists sayWeak global demand and monetary tightening by the Indian central bank could further drag down economic growth that likely slowed in the October-December quarter as pent-up demand eased and private investment remained patchy.
Read more »
Housing crash: Fed economists warn of 20% market correction and bubbleUS home prices could tumble nearly 20% and Fed economists warn further rate hikes risk an even worse housing correction: 'The bubble hypothesis merits attention'
Read more »
India December quarter GDP growth stronger than data suggests - economistsThe apparent slowdown in India's GDP growth in the October-December quarter has been driven to a large extent by revisions to past data, economists said, adding that the growth is evolving on expected lines and may not sway the central bank to pause rate hikes.
Read more »
Mississippi wants to expand an aggressive police force in its majority-Black capitalThe Mississippi Capitol Police has shot 4 people since August with little public explanation — a toll that has alarmed some residents as the state seeks to expand the once-obscure agency’s power.
Read more »
Black Mississippi capital distrusts plans by white officials - New York Amsterdam NewsCiting rising crime, Mississippi’s Republican-controlled House recently passed a bill expanding areas of Jackson patrolled by a state-run Capitol Police force and creating a new court system with appointed rather than elected judges.
Read more »