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Standard Chartered analyst Ilya Gofshteyn, one of only two analysts who forecast peso strength after the July 1 election, remains bullish. He expects the peso to reach 18 per dollar by year-end and a new NAFTA deal by early next year, and says a US-China trade war would benefit Mexican producers.
A stronger peso would lower the local cost of US feed imports and could support Mexican import demand. The analyst's view that trade diversion favors Mexican producers could also shift some demand toward Mexico.
mexiconewsdaily.comMND StaffJul 18, 2018Not 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.
