Mexican Peso and Chilean Peso Projected to Depreciate Against U.S. Dollar

A recent Reuters survey indicates that the Mexican peso is expected to depreciate by 6.3% against the U.S. dollar over the next 12 months, reaching a value of 18.38. According to Jin10, this projection marks a slight improvement from the January survey, which anticipated a value of 18.55. Similarly, the Chilean peso is forecasted to weaken by 1.8% against the dollar, settling at 876.90 within the same timeframe, compared to the earlier prediction of 900.0. These currency movements reflect ongoing economic trends and market expectations in both countries.