USD/MXN: Mexican Peso resilience might not last long due to domestic and external risks – MUFG – by MSalordFX USDMXN Mexico Banks
ast long amid domestic and external risks. Their forecast is for USD/MXN to reach 19.80 by the end of the first quarter 2023 and 20.00 by the third quarter. “The Mexican peso continued its strengthening path in November helped by improving risk sentiment and a weaker US dollar supported by expectations for a slower pace of Fed hikes.”hikes albeit slower along with the resilient core inflation in Mexico leads to the expectation of further interest rate hikes in Mexico.
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