{
  "id": 8913423,
  "title": "Mexican Peso: Sideways range against US Dollar intact – Rabobank",
  "url": "https://urgent.news/2026/09/21/mexican-peso-sideways-range-against-us-dollar-intact-rabobank",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T11:51:31.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/mexican-peso-sideways-range-against-us-dollar-intact-rabobank-202609211151"
  },
  "original_language": "en",
  "account": "Rabobank analysts Christian Lawrence and Molly Schwartz anticipate the USD/MXN exchange rate to remain within a narrow range of 17 and 18 over the next 12 months. They believe there is potential for both the Federal Reserve and Banxico to adjust their interest rates, with market reactions likely causing short-term fluctuations. The outlook suggests a possible drop below 17 in the upcoming weeks, followed by a rebound above 17 in the subsequent months.\n\nThe analysts are not advising against USD investments, but they do suggest some uncertainty as the market may be overestimating the likelihood of Federal Reserve rate hikes. On the other hand, they argue that Banxico is unlikely to raise interest rates by 85 basis points within the next year, as indicated by current market expectations.\n\nBanxico is expected to maintain its overnight interest rate at 6.50% during their decision announcement on September 24, keeping the pause that began in May. This stance differs from market projections suggesting an 85 basis point hike over the same period. Despite this, analysts do not foresee excessive volatility leading to a significant reduction in carry trades. Instead, they foresee another decline below 17 in the coming weeks, followed by a return to a rate above 17 in the following months.",
  "summary": "Rabobank's Christian Lawrence and Molly Schwartz expect USD/MXN to trade broadly between 17 and 18 over the next 12 months. They see room for both Fed and Banxico rate expectations to be repriced, with the timing of those adjustments likely to drive near-term volatility.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}