A partir de ahora somos Elev8
Somos más que un simple corredor. Somos un ecosistema de trading todo en uno: todo lo que necesitas para analizar, operar y crecer está en un solo lugar. ¿Listo para elevar tu trading?
Somos más que un simple corredor. Somos un ecosistema de trading todo en uno: todo lo que necesitas para analizar, operar y crecer está en un solo lugar. ¿Listo para elevar tu trading?
MXN depreciated from 19.769 to 23.408 in the last month while on 20th March, Banxico cut its policy rate by 50 bps to 6.50%. Analysts at MUFG Bank expect the Mexican peso to keep under pressure.
“MXN has depreciated sharply in March amid concerns related to the outbreak of Covid-19 especially in Mexico and in the US, and also somewhat impacted by the drop of oil prices. These 2 factors triggered S&P decision to downgrade Mexican sovereign rating to BBB from BBB+ on the 26th March.”
“An increasing pace of dissemination of Coronavirus in Mexico has all the socio-economic implications (hike of unemployment rate) and it might lead to sharper-than-expected recession and further MXN weakening.”
“The US economy might show a sharp weakening, thus impacting directly Mexican economic situation and also contributing to MXN weakening at least until 2Q 2020.”