USD/MXN: Peso to weaken gradually, shrugging off Banxico meeting – TDS USDMXN Mexico Banks
Economists at TD Securities do not expect a meaningful MXN reaction to Banxico's decision on Thursday as they consider it has been mostly priced in.“We expect Banxico to hike in 25 bps on March 30 and hit terminal at 11.25%. We think the bar is high for the central bank to contradict its own forward guidance once again.”
“We still expect USD/MXN levels at 20.00 by year-end, though we acknowledge risks are tilted to the downside.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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