Currencies The recent volatility event may or may not be over. Should it continue and worsen, the peso could fall to $1.00=MXN 13.30. The euro is trending down against the dollar probably because of outlooks for monetary policy in both regions. Additionally, the recent risk off event may be weakening the euro further. These forex […]

Currencies The ongoing bout of risk aversion had driven down the peso to $1.00=MXN13.20 by the close of Monday 4 August (13.24 by Wednesday 7). We expect the peso to recover to $1.00=MXN13.00 by the end of 2014. Today’s EUR/USD weakness fulfills our long-held outlook. We see €1.00=$1.34 for December 2014 and $1.29 for December […]