Peso needs to cool down. Forecast as of 06.06.2024

1 min read

The USDMXN pair’s volatility spike could remove the super peso tag from the Mexican currency. The incoming administration should adopt conciliatory rhetoric to buoy the peso. Let’s discuss this topic and make a trading plan.

Monthly fundamental Mexican peso forecast

A convincing victory of one party in an election usually indicates political stability and leads to lower volatility and appreciation of the national currency. Not in the case of the Mexican peso. The fact that Claudia Sheinbaum became the new president of the country, and her Morena party is ready to receive 2/3 of seats in the parliament, scared investors so… Read full author’s opinion and review in blog of #LiteFinance

You May Also Like

More From Author

+ There are no comments

Add yours