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Barclays analysts forecast the Mexican peso could appreciate about 4% against the U.S. dollar by end-2023, reaching around 19 per dollar from roughly 19.83. They cited fiscal austerity, nearshoring and interest rate differentials as support.
The bank's outlook differs from Moody's Analytics.
A stronger peso lowers the peso cost of US feed and grain imports for Mexican buyers, while the currency view has limited direct effect on US futures prices.
mexiconewsdaily.comMND StaffOct 31, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
