Mexican peso more attractive than regional currencies in 2023: BofA and JPMorgan

The Mexican peso is poised for a bumper performance in 2023 as investors point to the currency’s safe-haven elements with reason for optimism.

JPMorgan Chase & Co. and Bank of America Corp. are touting the Mexican peso as the most attractive currency bet in Latin America, impressed by Mexico’s stable political and fiscal positions, still high interest rates and proximity to the United States. For some, this brings back this month’s peso. . .

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