Economists at Rabobank expect Banxico to cut the policy rate 50bp to 4.50% on 13 August. They expect USD to find support in the coming months, which should boost USD/MXN but expect the peso to outperform the rest of the region into year-end. Key quotes “We expect Banxico to cut the policy rate 50bp to 4.50%. Of the 23 analysts surveyed by Bloomberg, 21 are expecting a 50bp move (including ourselves) and two are calling for a 25bp cut.” “We expect at least 100bp of additional rate cuts in Mexico this year with significant risk of 150bp and this leaves us as an outlier on the dovish side. Despite this, and a weak US and domestic activity outlook, we expect MXN to outperform most of its LatAm peer but we expect depreciation against USD driving the USD/MXN pair up to 24 before the end of the year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD to attempt another test of 0.7245 – Westpac FX Street 2 years Economists at Rabobank expect Banxico to cut the policy rate 50bp to 4.50% on 13 August. They expect USD to find support in the coming months, which should boost USD/MXN but expect the peso to outperform the rest of the region into year-end. Key quotes “We expect Banxico to cut the policy rate 50bp to 4.50%. Of the 23 analysts surveyed by Bloomberg, 21 are expecting a 50bp move (including ourselves) and two are calling for a 25bp cut.” “We expect at least 100bp of additional rate cuts in Mexico this year with significant risk of 150bp and this leaves… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
