‘Massively’ Cheap Mexican Peso Wins Over Aberdeen @ Forex Factory

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‘Massively’ Cheap Mexican Peso Wins Over Aberdeen

Jan. 19 (Bloomberg) -- Mexico’s peso is winning over the world’s largest foreign-exchange traders as the economic recovery in the neighboring U.S. boosts the value of one of the cheapest currencies in emerging markets. The peso will be the best performer in Latin America this year, according to 19 analysts surveyed by Bloomberg, with Deutsche Bank AG and Royal Bank of Scotland Group Plc forecasting an 8 percent advance against the dollar. Pacific Investment Management Co., the world’s biggest bond fund, said this month the peso offers “compelling” value. Bank of America Merrill Lynch estimates the peso is underpriced by 12 percent. Full Story

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