Goldman Sachs Says Buy Mexico Peso, Canada Dollar on Fed Pledge
This article is for subscribers only.
Goldman Sachs Group Inc. recommended its clients buy the Mexican peso and the Canadian dollar versus the U.S. currency, saying the Federal Reserve’s pledge to keep interest rates low reaffirms a dollar “weakening trend.”
The peso may advance to 12 per dollar from 13.019 today and the Canadian currency will rise to 95 cents per U.S. dollar from C$1.0043, analysts led by Thomas Stolper wrote in a note.