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In January, the Mexican Peso (MXN) weakened from 16.97 to 17.17 against the US Dollar (USD). Economists at MUFG Bank analyze Peso’s outlook.
Ms. Claudia Sheinbaum from the Morena party is favourite to win the presidential election scheduled on 2nd June, benefitting from the high approval rating of incumbent president Mr. Lopez Obrador. However, we expect gradual MXN weakening during 2024 due to some uncertainties over the economic policies to be adopted by the next administration.
While policy continuity has been signalled, Ms. Sheinbaum’s authority might be constrained by the influence of the incumbent president and other Morena party leaders. On top of that, likely, the Morena party will not have the required two-thirds majority in Congress to pass reforms.
风险提示:本文所述仅代表作者个人观点,不代表 Followme 的官方立场。Followme 不对内容的准确性、完整性或可靠性作出任何保证,对于基于该内容所采取的任何行为,不承担任何责任,除非另有书面明确说明。

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