Mexico: Elections in focus – Rabobank

Sandeep Kanihama FXStreet Contributor

Analysts at Rabobank point out that the Mexican elections will be held on July 1^st and will be a key event for the USD/MXN going forward.

Key Quotes

“Lopez Obrador (AMLO) continues to enjoy a sizeable lead according to polls. Anaya of the PAN and Meade of the PRI continue to hold the second and third place respectively.”

“Although historically a poor guide to the final allocation of seats, polls suggest that the MORENA-PES-PT coalition could secure a significant number in both the Lower House and the Senate and a majority cannot be ruled out.”

“Some election risk has been priced into MXN but we see further weakness ahead and expect USD/MXN to trade up to 21.5 in the lead up to the election.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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