# Mexico peso's expected fall to be broken by favourable rate spread

> A Reuters poll of 19 FX specialists, taken June 1-6, forecast the peso at 18.60 per US dollar in 12 months, a 6.5% weakening from 17.39 at the time. The forecast is still firmer than the previous month's one-year call.

- Date: 2023-06-08 · published 2023-06-08T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35723-mexico-peso-s-expected-fall-to-be-broken-by-favourable-rate-spread
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Forecasts of a weaker peso would raise the peso cost of dollar-priced imports for Mexican feed buyers. The poll is a sentiment indicator and does not itself move prices.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/rates-bonds/mexico-pesos-expected-fall-be-broken-by-favourable-rate-spread-2023-06-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.