MXN likely to remain range-bound over the coming months: Barclays

Quotes from Barclays Capital:

-The MXN is likely to remain range-bound over the coming months, rising to 15.25 by Q2 15 and weakening slightly to 15.50 by end-2015.

-We believe the headwinds to the Mexican currency will come from a weaker short-term growth outlook as lower oil prices weigh on government expenditures and FDI/investment in the oil sector.