FXStreet reports that economists at Rabobank expect USD/MXN to remain in the 19.80-20.20 range in the coming months.  

“We maintain the view that the USD/MXN pair will primarily trade a 19.80-20.20 range in the coming months and favour playing that range.”

“We are becoming more bullish USD vs EM but within the EM space. We expect MXN to remain well supported compared to the bulk of its peers within the LatAm region.”