Morgan Stanley’s Worst Mexico Scenario Has Peso Falling 11%



Currency could weaken to 19.2/USD if institutions undermined

Bank favors Pemex bonds, stocks ahead of June general election


The “super peso” could fall sharply if Mexico’s next government and congress adopt an unorthodox agenda that undermines institutions, according to Morgan Stanley.


Under a bear case — which the Wall Street bank describes as “institutional backsliding” — the peso would weaken to 19.20 per US dollar from around 17 per dollar currently.


Fuente de nota e imagen: https://www.bloomberg.com/news/articles/2024-04-29/usd-mxn-mexican-peso-would-slide-in-morgan-stanley-worst-case-scenario