Survey: NAFTA Cited as Main Driver of MXN this Year

The North American Free Trade Agreement (NAFTA) is the top macroeconomic issue that will affect the Mexican peso this year, according to the results of a Bloomberg foreign exchange survey announced today.

After polling more than 100 financial professionals in Mexico, Bloomberg found that 46% said that NAFTA is the macroeconomic factor that will have the biggest impact on the peso.

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Meanwhile, 34% of attendees said that the peso would be most affected by the presidential election on July 1.

Unsurprisingly, both of these topics will be heavily focused on during Profit & Loss’s upcoming LatAm conference being hosted in Mexico City on April 11th.

Gabriel Casillas P.h. D, Managing Director, Investor Relations Officer and Chief Economist at Banorte-Ixe Bank, will be delivering a presentation: Mexico Elections: Has the Country Reached a Turning Point?”, in which he will be exploring the potential implications of the upcoming election.

In addition, Dr. Wouter P.F. Schmit Jongbloed, Head of Political Risk Analysis at ExanteData, is scheduled to deliver an address titled:  NAFTA 2.0: The Good, the Bad & the Impact on FX Markets“, in which he will look at the future prospects for NAFTA, and what the outcome of the negotiations could mean, both for the peso in particular and the FX markets more broadly.

The event is free to attend for buy side firms or banks based in Mexico, registration can be completed online here.

The conference will be opened by Juan Garcia, Director of Domestic Operations at Banco de Mexico, giving the central bank’s perspective on recent developments in the country’s financial markets. It will also feature discussions on the future of cryptocurrency trading, how the local FX market is developing in comparison to more established trading centres and the role of derivatives as an FX hedging mechanism.

The full agenda for the day can be accessed here: https://www.profit-loss.com/events/latin-america-2018

 

Galen Stops

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