# Analyst who predicted stronger peso is still bullish on the currency

> 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.

- Date: 2018-07-18 · published 2018-07-18T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64252-analyst-who-predicted-stronger-peso-is-still-bullish-on-the-currency
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/news/analyst-still-bullish-on-the-currency/

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