Wells Fargo warns of downside risks for Mexican peso amid tariff threats ...Middle East

Wells Fargo projects Mexican GDP growth of just 0.1% this year, with a recession likely by the second quarter. If broad 25% tariffs are imposed in April, the economic downturn could be deeper.

Wells Fargo does not anticipate the Bank of Mexico it will intervene in currency markets if the peso weakens, allowing it to adjust in line with economic fundamentals.

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This article was written by Eamonn Sheridan at www.forexlive.com.

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