The exchange rate between the US dollar and the Mexican peso is currently at 16.7139. If it drops below 16.40, potential goals to aim for are 16.10 and 15.90, according to SocGen.

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USDMXN Chart by TradingView

The Mexican Peso is on track for a 7th successive higher monthly close, matching the run of 2008. Economists at Société Générale analyze USD/MXN outlook.

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