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Mexican peso top forecaster sees rebound

Wednesday, January 27, 2016

Mexico’s peso, the worst performing major currency in 2016, is poised for a rebound by the end of this year, according to its most-accurate forecaster.

Its 30 percent depreciation in the past year and a half is making the economy more competitive for manufacturers looking for lower costs, and that should help fuel growth that eventually reverses some of the losses, according to Sireen Harajli, a strategist for Mizuho Bank.

Source: Bloomberg