Rabobank Sees Stable Mexican Peso vs USD Through Summer

Rabobank strategists Christian Lawrence and Molly Schwartz note that Banxico's June 25 decision kept the policy rate unchanged at 6.50%, in line with consensus. They expect Banxico to remain on hold through the end of the year, a stance that mirrors their expectations for the Bank of Canada and the Federal Reserve.

This policy outlook underpins a stable summer trading view for the Mexican Peso against the US Dollar, according to the strategists. No further details on specific levels or triggers were provided.