USD/MXN: Little downside risk for the Peso after Mexican inflation data – Commerzbank USDMXN Inflation Banks
Today's Mexican inflation data for April is unlikely to have a negative impact on the Peso, economists at Commerzbank report.“We see little downside risk for the MXN after today's data, as any negative surprise on inflation should be offset by Banxico's credibly hawkish stance.
“We continue to expect the MXN to hold up well against the USD for the time being, even if the start of monetary easing in the US and Mexico is envisaged towards the end of the year.”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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