Central bank fed up with a strong peso. Forecast as of 05.09.2023

Cutting the peso hedge program is the first alarm for the USDMXN bears and a skillful attack on carry traders. How will that affect the pair? Let’s discuss it and make a trading plan.

Weekly fundamental forecast for Mexican peso 

The stronger an economy, the better for its partners. The US main trading partner in 2023 is Mexico, with a share in US imports and exports amounting to 15.7% in the first six months. For comparison, Canada's and China's shares are 15.4% and 10.9%, respectively. Thus, the Mexican peso has become the most liquid Forex currency against the background of… Read full author’s opinion and review in blog of #LiteFinance