Loss of respect from carry traders, rising volatility, a slowing Mexican economy, and the threat of Donald Trump returning to power make life difficult for USDMXN bears. Let’s discuss it and make a trading plan.
Monthly fundamental forecast for Mexican peso
Love and hate are just one step apart. Latin American currencies have long been the favorites of Forex investors, as their high rates and low volatility made them perfect for carry trades. For example, buying the Mexican peso against the Japanese yen yielded a profit of 50% from early 2023 to May 2024. However, elections turned the super-peso into… Read full author’s opinion and review in blog of #LiteFinance
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