- Analytics
- News and Tools
- Market News
- Mexican Peso to weaken gradually during 2024 – MUFG
Mexican Peso to weaken gradually during 2024 – MUFG
In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook.
MXN weakening path ahead
Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president Mr. Lopez Obrador. However, we expect gradual MXN weakening during 2024 due to some uncertainties over the economic policies to be adopted by the next administration.
While policy continuity has been signalled, Ms. Sheinbaum’s authority might be constrained by the influence of the incumbent president and other Morena party leaders. On top of that, likely, the Morena party will not have the required two-thirds majority in Congress to pass reforms.
© 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
