USD/MXN: Upward bias for the rest of the year – CIBC USDMXN Mexico InterestRate Banks
Economists at CIBC Capital Markets expect the USD/MXN pair to inch higher for the rest of the year.We maintain our call for two 25 bps rate cuts in Q4. Moreover, we restate our upward USD/MXN bias for the rest of the year with a 19.00 forecast for Q3 and a 19.50 estimate by year-end 2023.
A deceleration in US growth coupled with our expectations of tighter MEX-US yield spreads remain the largest risks to MXN.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.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
USD/MXN Price Analysis: Languishes near multi-year low, seems vulnerable below mid-17.00sThe USD/MXN pair continues with its struggle to register any meaningful recovery and oscillates in a range near its lowest level since May 2016 touche
Lire la suite »
USD/MXN to head lower as holding below last week’s peak at 17.60 – SocGenThe Mexican Peso rallied to 17.26 against the USD, the strongest level since May 2016. Economists at Société Générale analyze USD/MXN technical outloo
Lire la suite »
USD/MXN can trade below the 17 level – INGThe Latam currencies continue to perform well in a low-volatility world looking for carry trade opportunities. The Mexican Peso remains the standout p
Lire la suite »
USD/MXN dives to new seven-year low on US Dollar weakness, post-US inflation dataUSD/MXN tumbles to fresh seven-year lows, achieved during the last six trading days, courtesy of US Dollar (USD) weakness. A US inflation report sent
Lire la suite »
USD/MXN Price News: Options market signals prod Mexican Peso buyers at seven-year topUSD/MXN Price News: Options market signals prod Mexican Peso buyers at seven-year top – by anilpanchal7 USDMXN Options RiskAversion SwingTrading Fed
Lire la suite »
USD/CAD: Door ajar for downside in the coming quarters – CIBCThe Loonie rallied after the Bank of Canada opted to hike rates. Economists at CIBC Capital Markets discuss CAD outlook. CAD to rely on external facto
Lire la suite »