# USD/MXN: Short opportunities to dissipate moving into fourth quarter - CIBC: Analytics and Market news from 29 July 2020 13:43

> CIBC's Luis Hurtado expects the USD/MXN short opportunities to fade into the fourth quarter, forecasting the pair at 22 by year-end. He notes the peso has been supported by global equities, central bank liquidity and vaccine hopes, and Banxico's cautious easing. A dip toward 21.50 remains possible, but volatility is expected to rise ahead of the US election.

- Date: 2020-07-29 · published 2020-07-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/52317-usd-mxn-short-opportunities-to-dissipate-moving-into-fourth-quarter-cibc
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A forecast of a firmer peso versus the dollar would lower the cost of imported feed inputs for Mexican buyers, while the expected volatility adds uncertainty to currency-hedged purchasing.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3636989

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