Mexican Peso Strengthens as USD/MXN Breaks Below 17

Rabobank··MXUS·Read original
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Summary · why it matters

Rabobank analysts Christian Lawrence and Molly Schwartz report that USD/MXN has fallen below 17 for the first time since May 2024, prompting the bank to revise its forecast to 16.5 in the coming weeks. The peso's strength is attributed to carry trade dynamics, which continue to support the currency against the US dollar.

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