USDMXN is a buyer amid a variety of bullish indicators, such as a slower global economy, high US bonds yields that persist, and a poorer peso performance on carry trades. Let’s discuss the Forex forecast and create a trading plan.
Forecast of the Mexican Peso monthly fundamental forecast
Although the peso had strengthened amid Banxico’s hawkish stance, it crashed because of the rally of the Treasury yields and the US dollar. The USDMXN hit a 4-month high. The rally is to continue amid an unfavorable foreign environment, extended speculative positioning, the approaching presidential election, and lower performance of carry trades…. Read full author’s opinion and review in blog of #LiteFinance