USD/MXN Forecast: Tariff Reprieve May Shield Mexican Peso, say Rabobank

  • The Mexican peso has endured a sharp sell-off this year, with USD/MXN up 20% since April lows, driven by political and trade shocks on both sides of the border. However, Rabobank's Molly Schwartz argues that despite the turmoil, the evolving tariff landscape and Mexico's realignment with US trade goals may help stabilise the peso over.