BBVA Predicts Mexican Peso Could Weaken to Over 24 per Dollar if U.S. Imposes Tariffs
The Mexican peso could weaken significantly if the U.S. imposes proposed 25% tariffs on Mexican goods, according to BBVA analysts. They predict a potential drop to over 24 pesos per dollar, a substantial depreciation from the January 31st closing rate of 20.6871. While this short-term outlook is concerning, BBVA projects a possible recovery to 23 …
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