• USD/MXN: Peso might be able to appreciate a little bit further – Commerzbank

Noticias del mercado

2 junio 2023

USD/MXN: Peso might be able to appreciate a little bit further – Commerzbank

The Mexican Peso is the only larger currency that was able to appreciate against the US Dollar in May. Economists at Commerzbank expect MXN to remain strong.

USD/MXN target remains at 17.50

The Peso was able to appreciate even in times of rising Fed rate hike expectations in May. 

We assume that the Peso might be able to appreciate a little bit further as a result of Banxico’s hawkish approach, the promising growth environment and record high remittances. 

Our target in USD/MXN remains 17.50.

 

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 disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: