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Mexico’s Peso to Gain as Political Uncertainty Ebbs, UBS Says
Mexico’s peso is set to strengthen through the first half of next year as investors grow more comfortable with the new administration and volatility around the US election fades, according to UBS Group AG. The currency should gain around 5% from current levels to 18.50 per dollar by the middle of 2025 and end the year in those levels, said Gabriela Soni, head of investment strategy at UBS Mexico. That’s stronger than the median of analyst expectations, at 19.13 per dollar, according to data compiled by Bloomberg. “We see a window of opportunity, a better relationship between risk and reward, toward the end of ... (full story)
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- Posted: Sep 26, 2024 12:47pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,805
