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PIMCO: Even The Mexican Peso Is Set To Wallop The Dollar

Pimco's Guillermo Osses believes that currency traders are set to bid up the Mexican peso as much as 20% against the dollar during the next year, right after Mexico just had its credit rating downgraded to BBB by Fitch Ratings. While Mr. Osses appears to be one of the most bullish on the peso, he's not alone. Economists' consensus forecast is for a 3.3% rise against the dollar, according to Bloomberg.
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