- Analytics
- News and Tools
- Market News
- USD/MXN: Peso outlook remains promising – Commerzbank
USD/MXN: Peso outlook remains promising – Commerzbank
The Mexican economy is running well. Economists at Commerzbank analyze MXN outlook.
Banxico will not risk missing its inflation target on a sustainable basis even after the start of the rate cut cycle
Mexico certainly benefits from the robust US economy, but the service sector also supports growth. The Mexican central bank Banxico is likely to see the latter with mixed emotions. The stubbornly high inflation levels in the service sector above all are slowing the disinflationary process, thus also creating uncertainty within Banxico as to when and at what speed rate cuts will be justifiable.
This cautious approach is what continues to justify a strong Peso, as it illustrates: Banxico will not risk missing its inflation target on a sustainable basis even after the start of the rate cut cycle. The FX market honours such a credible monetary policy, with the positive economic environment contributing its share.
© 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
