reduced

© Reuters The Bangladeshi Taka continues to depreciate against the US dollar, leading to heightened financial strain for businesses and economic repercussions. Today, the interbank exchange rate stands at Taka 111 per dollar, with some banks collecting remittances at rates up to Taka 117 per dollar, and open market trading at Taka 121 per dollar.

Share: Economists at CIBC Capital Markets expect the USD/MXN pair to extend its decline in the coming months.  Long MXN positions look overstretched by a number of metrics Although long MXN positions look overstretched by a number of metrics, we are reducing our Q3 and Q4 USD/MXN forecast to 17.50, and 18.00, respectively.