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FX Blueprint 2026: The Great Rotation

LIVE12 December 2025USD bearish

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USD/MXN

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

MXN benefits from nearshoring, high carry, and USMCA resolution. Part of broad E

Bullish

DB Forecast Path

Cross-Firm Forecast Comparison

Key Drivers

Nearshoring flows

High carry

USMCA resolution

EM re-rating

Fiscal improvement

All Firm Targets (Dec '26)

JPMBullish18.25

INGBullish17.80

BARCModerately Bullish17.70

GSBullish17.50

MUFGBullish17.50

MSBullish17.40

BofABullish17.30

DBBullish17.20

Analysis Summary

MXN benefits from nearshoring, high carry, and USMCA resolution. Part of broad EM re-rating theme. USD/MXN to 17.20.

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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from eight institutional desks. No promotion.