Rabobank sees range-bound peso with downside risks versus dollar
Rabobank analysts see the Mexican peso trading in a range against the US dollar, with near-term risks skewed to the downside.
USDMXN
Rabobank’s latest USD/MXN view describes a range-bound setup, but flags downside risks for the Mexican peso against the US dollar.
The bank attributes recent moves to oil-related US dollar strength and heavy speculative long-MXN positioning, suggesting the peso may be vulnerable within that range.
Source: FXStreet Forex News