Commerzbank expects further easing by Mexico’s central bank to weaken the peso against the dollar in coming months.
The USD/MXN pair is poised to rise as Banxico’s easing cycle gains momentum. Analysts anticipate a second 25-basis-point rate cut following March’s initial reduction, signaling sustained monetary policy loosening.
Market consensus aligns with a gradual easing path, though inflation trends and Fed policy will remain key drivers. The peso has faced pressure since Banxico’s first cut, with traders pricing in further divergence from U.S. rates.
No immediate market reaction was specified, but the outlook suggests continued peso depreciation against the greenback.