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Mexican Peso: Weakness seen limited against US Dollar – Commerzbank

Commerzbank FX analyst Michael Pfister reviews the recent sharp depreciation of the Mexican Peso (MXN) against the US Dollar (USD) and argues that the move looks overdone. He highlights Banxico’s dovish stance, USMCA trade uncertainties and rising risk aversion as key drivers.

Mexican Peso: Weakness seen limited against US Dollar – Commerzbank

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