Two major risk factors might contribute to some Peso weakening ahead – MUFG
The Mexican peso (MXN) appreciated in February, driven by a hawkish stance from the central bank of Mexico, Banxico. However, according to economists at MUFG Bank, further gains are likely to be limited as Banxico is expected to promote more moderate 25 bps hikes in upcoming meetings. Higher interest rates, while keeping the currency attractive […]