The Mexican peso traded around 20.1 against the greenback on Friday, erasing Thursday’s shy gains amid a comeback in risk aversion, after Evergrande failed to pay interest on its dollar bonds and leaving investors guessing when the payment will be made. At the same time, Mexico’s retail sales edged 0.4% lower in July over June, more than expectations of a 0.2% decline. For the week, the peso is set to retreat 0.6%.
Historically, the Mexican Peso reached an all time high of 25.78 in April of 2020. Mexican Peso - data, forecasts, historical chart - was last updated on September of 2021.
The Mexican Peso is expected to trade at 20.25 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 20.81 in 12 months time.