According to SocGen, the USDMXN is expected to remain between the levels of 16.40 and 18.11 in the next few quarters.
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Halfway through 2023, the MXN is the second-best performing major currency following the COP with a spot return of 14.0% and a total return of 21% against the USD. Economists at Société Général analyze Peso outlook.
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