OctaFX | OctaFX Forex Broker
Open trading account
Back

Neutral stance on the Mexican peso – BAML

FXStreet (Edinburgh) - The perspective for the Mexican currency remains neutral, suggested BofA Merrill Lynch Global Research.

Key Quotes

“We stay neutral on the Mexican peso”.

“The secular strengthening trend of the US dollar will continue, in our view”.

“However, MXN is likely to outperform other emerging market currencies given its greater linkages with the US economy and better domestic fundamentals”.

“The exchange rate is around 4% undervalued according to our currency valuation model”.

EUR/CAD bounces off 1.43 post-data

The Canadian dollar is trimming part of its initial losses vs. the euro, taking EUR/CAD to test the key support at 1.43 the figure...
Read more Previous

USD/CAD edges higher after Canadian Ivey PMI

USD/CAD edged slightly higher but overall remained well within its daily range as the loonie weakened following the release of below expectations Canadian manufacturing data.
Read more Next
Start livechat