Economists at TD Securities believe the Mexican peso may find space for some appreciation. They expect USD/MXN to tick down towards the 19.75/80 region over the coming months.

USD/MXN to return stably above the 20 mark in 2023

“We expect the MXN to experience some moderate strengthening against the dollar towards the 19.75/80 area in Q3/Q4.”

“In 2023, we expect USD/MXN to return stably above the 20 mark (H1 2023) and then the 21 mark (H2 2023), paring back the modest strength we anticipate for this year.”

This article was originally published by Fxstreet.com.Read the original article here.

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