There will be a brief period of stability for the Peso, followed by a gradual weakening in the near future, as per MUFG’s analysis on the exchange rate between the US Dollar and the Mexican Peso, currently at 17.2830.
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In May, the MXN appreciated marginally from 18.005 to 17.718 against the USD. Economists at MUFG Bank discuss USD/MXN outlook.
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