Peso breaks the trend. Forecast as of 13.10.2023

The best-performing currency in the past three years is losing previous gains. Export problems and the end of monetary restriction cycles and hedging programs push the USDMXN quotes down. Let’s discuss it and make a trading plan.

Monthly fundamental forecast for Mexican peso

No matter how often the President of Mexico said the era of the super-peso would continue, recent events indicate that it is over. Investors see an inflation slowdown, reduced currency hedging operations, and the end of the tourist boom as the reason for buying the USDMXN. The pair easily reached the targets of 18 and 18.3 outlined… Read full author’s opinion and review in blog of #LiteFinance