Q3 and Q4 forecast reduced to 17.50 and 18.00 – CIBC

[ad_1] 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,