OctaFX | OctaFX Forex Broker
Open trading account
Back

USD/MXN: The peso to remain under pressure – CIBC

The peso has recently made a comeback as the ultimate proxy for risk-off moves amid the COVID-19 news and developments in the oil market, Luis Hurtado from CIBC Capital Markets briefs. USD/MXN trades at 23.887.

Key quotes

“We are lowering our year-end forecast for the Mexican Overnight Rate to 5.5% from 5.75%.”

“We expect USD/MXN to fluctuate around the 22 mark, following the highs reached after the surprise rate cut of 100bps by the Fed.”

“We look for the MXN to remain under pressure, with sudden spikes in volatility as an abundance of external developments crowd headlines, while concerns about lower GDP growth prospects and credit rating revision also arise.”

“Q2 20: 21.0| Q4 20: 20.6”

 

Thailand: BoT to cut by 25bps – Standard Chartered

Thailand will release February trade data on 23 March and the Bank of Thailand will meet 25 March. Analysts at Standard Chartered Bank with the previe
Read more Previous

Kremlin: There is no price war between Russia and Saudi Arabia

Our relations are good and doesn't think anyone should intervene. Russia has safety buffer against unfavourable oil prices. Oil prices are very unplea
Read more Next
Start livechat