USD/MXN: Banxico’s unchanged approach constitutes the foundation for continued Peso strength – Commerzbank USDMXN Mexico InterestRate Inflation Banks
The Mexican central bank’s unchanged approach constitutes the foundation for the continued Peso strength around 17.00 in USD/MXN.
We continue to see a chance for a first rate cut at the end of the year. The expected fall in inflation will continue to improve real interest rates until then, which fundamentally supports the MXN's strength.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.
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