- USD/MXN could run quick and sharp rebounds, seen at 19.80 by year-end – CIBC
Noticias del mercado
1 marzo 2023
USD/MXN could run quick and sharp rebounds, seen at 19.80 by year-end – CIBC
Economists at CIBC Capital Markets update their USD/MXN forecasts.
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 forecast at 19.80.”
“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/growth indicators deteriorate in the coming months.”
“Q2 2023: 20.00 | Q3 2023: 20.50 (USD/MXN)”
Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir cuenta demo y página personal