- Analytics
- News and Tools
- Market News
- USD/MXN: Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso – SocGen
USD/MXN: Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso – SocGen
Economists at Société Générale analyze the USD/MXN outlook ahead of the Banxico meeting.
Break below 17.45 can lead USD/MXN towards next projections at 17.10/16.95
“Banxico is likely to pause monetary tightening today and leave the key rate at 11.25%. Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso if investors view the move through a negative lens for economic growth.”
“An initial bounce is not ruled out however 17.90 must be overcome for affirming a meaningful up move. Failure could mean persistence in down move.”
“Break below 17.45 can lead the pair towards next projections at 17.10/16.95 which is also the low formed in 2016.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
