USD/MXN: Two major risk factors might contribute to some Peso weakening ahead – MUFG

USD/MXN: Two major risk factors might contribute to some Peso weakening ahead – MUFG USDMXN Mexico Banks

High interest rates might keep some attractiveness of MXN

“Additionally, Banxico keeps committed to make inflation to converge to the target in the next years, which means high policy rates for longer in the current scenario of resilient high core inflation, thus keeping the MXN attractive as a carry currency.” 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.

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