Goldman Sachs predicts a comeback
Analysts at Goldman Sachs see USD/MNX falling to 19.00 in 2017 because Trump’s bite won’t match his bark.
"The dominance of the U.S. in Mexican exports means Mexico has the most to lose from U.S. protectionism," said Kamakshya Trivedi, emerging-market macro strategist at Goldman Sachs. "But this risk is priced to a significant extent, and there is a good chance that worst-case scenarios are not realized and the MXN may benefit from stronger U.S. growth given a cheaper currency."
