Reported 6 months ago
After Mexico's peso declined nearly 5% in two days following a surprise election result, a leading currency forecaster anticipates a bounce back to 17 per dollar in the coming months. Bartosz Sawicki, a market analyst at Cinkciarz.pl, expects a partial recovery but notes that political risks could impede the peso's full return. Factors like Mexico's central bank policy and potential US economic developments may influence the peso's trajectory, with Sawicki emphasizing caution in emerging market currency trades amid political uncertainties.
Source: YAHOO