Economists at Société Générale analyze the USD/MXN outlook ahead of the Banxico meeting.
Break below 17.45 can lead USD/MXN towards next projections at 17.10/16.95
“Banxico is likely to pause monetary tightening today and leave the key rate at 11.25%. Another hike would be a surprise, but would not be guaranteed to be welcomed by the Peso if investors view the move through a negative lens for economic growth.”
“An initial bounce is not ruled out however 17.90 must be overcome for affirming a meaningful up move. Failure could mean persistence in down move.”
“Break below 17.45 can lead the pair towards next projections at 17.10/16.95 which is also the low formed in 2016.”
Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.
Tinggalkan pesan Anda sekarang