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Wall Street Can’t Quit the Mexican Peso

  • Mobius, BNP Paribas and Goldman seeing opportunities with peso
  • Natixis says only thing for certain is a wild ride ahead
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Is Bad News Already Baked In for the Mexican Peso?

Corrected

As Wall Street analysts raise the idea there might be big rewards to reap by investing in the Mexican peso, the currency’s top forecaster can’t find anything to get excited about.

Juan Carlos Rodado, the head of research at Paris-based bank Natixis SA, expects more losses after the peso sank 13 percent since Donald Trump’s election, saying Mexico will suffer if the new president makes good on his protectionist pledges. Whether he does is anyone’s guess, but there’s certainly no reason to go long, says Rodado, who had the best track record in the second half among forecasters tracked by Bloomberg.