In 2022-2023, USDMXN bears succeeded due to the carry trade, the weakness of the Japanese yen, the strength of the US economy, and other factors. However, the situation changed significantly in 2024. Let’s discuss this topic and make a trading plan.
Highlights and key points
Political shifts have increased the peso’s volatility.
Carry traders are abandoning the Mexican currency.
The Trump trade pushes the USDMXN pair higher.
An uptrend may return if the pair recovers above 18.1.
Weekly fundamental forecast for Mexican peso
Against major political shifts, investors are reallocating their holdings from assets that used to bring double-digit gains. In 2022-2023,… Read full author’s opinion and review in blog of #LiteFinance
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