Dollar Welcomes Mexico Peso at Top of ’15 Wish Lists: Currencies

The diverging global economy means the U.S. dollar will drag Mexico’s peso and Russia’s ruble along with it to the biggest gains among major currencies this year, while New Zealand’s dollar and Argentina’s peso will turn into the biggest losers.

That’s the conclusion of economists, strategists and investors surveyed by Bloomberg. They see Mexico’s exchange rate gaining 11 percent by the end of 2015, with the U.S. Dollar Index rising about 3 percent and the ruble climbing 22 percent. Argentina’s peso is forecast to weaken 29 percent as New Zealand’s dollar drops about 5 percent. Even the euro, which today slipped below $1.20 for the first time since 2010, is seen falling another 1 percent.