The perspective for the Mexican currency remains neutral, suggested BofA Merrill
Lynch Global Research.
Key Quotes
“We stay
neutral on the Mexican peso”.
“The secular strengthening trend of the US
dollar will continue, in our view”.
“However, MXN is
likely to outperform other emerging market currencies given its greater linkages
with the US economy and better domestic fundamentals”.
“The exchange rate
is around 4% undervalued according to our currency valuation model”.
