Futuro del peso mexicano 16-5

  • Dollar strength is going to offset some of the Fed’s need/will to tighten
  • March 2015 Fed fretted about dollar strength before hiking in December
  • USD TWI was 103 in March 15, dipped 98/99 before the next hike in Dec 2016
  • USD TWI today 99.63, low versus USD level when rates first hiked
  • With rates +150bp @ 1.75%, terminal rate eyed 3%, USD may be an issue
  • Effective tightening of USD rise may delay Fed. Hikes priced for June/Dec
50 HMA= 506.20
Futuro del peso mexicano 16-5
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