#Latest news with #superpesoBloomberg21-05-2025BusinessBloombergBofA Tells Clients to Bet Against Mexico Peso as Recession LoomsBank of America Corp. is telling clients to bet on declines in Mexico's peso against the euro, warning of risks including an economic downturn at home and a proposed tax on remittances from the US. The Wall Street bank, one of the first to call the currency 'super peso' ahead of a massive rally in 2023, said that recent gains have left it almost 10% overvalued relative to its macroeconomic fundamentals.
Bloomberg21-05-2025BusinessBloombergBofA Tells Clients to Bet Against Mexico Peso as Recession LoomsBank of America Corp. is telling clients to bet on declines in Mexico's peso against the euro, warning of risks including an economic downturn at home and a proposed tax on remittances from the US. The Wall Street bank, one of the first to call the currency 'super peso' ahead of a massive rally in 2023, said that recent gains have left it almost 10% overvalued relative to its macroeconomic fundamentals.
21-05-2025
