USD/MXN: A hold by Banxico should not be market moving for the Mexican Peso – TDS
USD's drubbing continues into a new week. Economists at TD Securities analyze the FX market outlook.
USD lower theme to continue this week
We expect the USD lower theme to continue this week with fewer risk events on the docket.
We expect RBA to hike by 25 bps which is a close call; we expect further upside in AUD from relative rate differentials and a China rebound.
A hold by Banxico should not be market moving for the MXN. CPI will be more important as persistence in core inflation can delay expectations of a cutting cycle in Mexico.
Reprinted from FXStreet_id，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.