September 29, 2016

Goldman Sachs Sees Mexican Peso Gaining 10% If Clinton Wins

The Mexican currency would fall 15%-20% if Trump wins U.S. election, according to Goldman Sachs Group Inc. London-based analysts Mark Ozerov and Kamakshya Trivedi. A Trump-driven depreciation could be smaller if Banxico policy makers are more aggressive with rate hikes than market is pricing in and/or Trump softens trade-agreement rhetoric Goldman expects Mexico central bank to hike key rate by 50bps Thursday

Source: Bloomberg Politics