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FrontierView says the Mexican peso has stayed resilient while many emerging-market currencies have weakened under pressure from a strong US dollar and Federal Reserve rate hikes. The firm forecasts an average of 20.5 MXN per USD for 2022, appreciating to 19.9 in 2023.
It flags AMLO's energy policies and USMCA tensions as domestic risks.
A firmer peso lowers the local-currency cost of dollar-priced feed imports into Mexico, which can ease buyers' costs. The forecast is a stability view rather than a new shock, so the price effect is modest.
frontierview.comSantiago PrevideAug 18, 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.
