The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the end of the summer. Let’s discuss this topic and make a trading plan for the USDMXN pair.
Highlights and key points
The USDMXN’s trend reversed due to the elections in Mexico.
The peso was falling on fears of Donald Trump.
A winding down in carry trade also weakened the peso.
The USDMXN pair reached its targets, but it is better to keep long trades open.
Quarterly fundamental forecast for Mexican… Read full author’s opinion and review in blog of #LiteFinance
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