# Mexican Peso Leads Goldman Sachs’ Emerging Market Currency Picks

> Goldman Sachs named the Mexican peso its top emerging-market currency pick for when the coronavirus crisis eases, ahead of the South African rand and Russian ruble. Goldman said USD/MXN remained more than 10% above its pre-pandemic level of about 19. Standard Chartered and Rabobank also forecast further peso gains through year-end.

- Date: 2020-09-25 · published 2020-09-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/51329-mexican-peso-leads-goldman-sachs-emerging-market-currency-picks
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Forecasts of a stronger peso would lower the local cost of dollar-priced feed imports for Mexican buyers over the coming months. The outlook is a forecast rather than a current supply or demand change.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forbesmiddleeast.com: https://www.forbesmiddleeast.com/money/banking-finance/mexican-peso-tops-goldman-sachs-emerging-market-currency-bet

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