USDMXN monthly
The move to re-shore production to North America has been a tailwind for Mexico and for the Mexican peso.
The central bank boosted its forecast for growth this yer and slightly raised inflation as well:
- Sees 2023 GDP at 3.0% vs 2.3% prior
- Sees 2024 GDP at 2.1% vs 1.6% prior
- Sees core inflation for Q4 at 5.1% vs 5.0% prior
If Mexico could ever get crime under control, it would be boom. I've been a long term MXN bull.
