Mexican peso top forecaster sees rebound

Mexico’s peso, the worst performing major currency in 2016, is poised for a rebound by the end of this year, according to its most-accurate forecaster.

Its 30 percent depreciation in the past year and a half is making the economy more competitive for manufacturers looking for lower costs, and that should help fuel growth that eventually reverses some of the losses, according to Sireen Harajli, a strategist for Mizuho Bank.




Source: Bloomberg