fxstreet.com 02 Feb, 2021 16:15 am

Concerns on AMLO government policies to limit peso appreciation – MUFG

Concerns on AMLO government policies to limit peso appreciation – MUFG
In January the Mexican peso depreciated against the US dollar from 19.907 to 20.262. Uncertainty over the health outlook and some controversial govern

Uncertainty over the health outlook and some controversial government policies will continue to weigh on economic recovery, limiting the pace of MXN appreciation expected ahead, in the view of economists at MUFG Bank.Federal government hesitates to impose stricter measures and potential challenges with vaccine rollout mean the health outlook remains very challenging.” “As for the MXN path ahead, we keep our view of some appreciation driven by the external environment, but not a sharper appreciation, once it is limited by the health outlook and concerns on AMLO government policies.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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