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Story summary
- The peso is forecast to trade near 17.78 per U.S. dollar in a year.
- The estimate reflects a 1.7% decline from 17.48 on Tuesday and a 3% gain year-to-date.
- Banxico left its benchmark rate at 6.50% last month, leading analysts to warn that the peso could soften if rate cuts resume.
- Six of 11 analysts expected a weaker peso, two a stronger peso and three were neutral.
