Peso seen further weakening to 62-63 vs $1

The combination of a prolonged war in the Middle East and a hawkish US Federal Reserve (Fed) could send the peso weakening to the 62 to 63 level, MUFG Global Markets Research warned. In its monthly foreign-exchange outlook, MUFG said its baseline forecast still sees the peso trading between 60.5 and 61.5 over time. But