What is the super peso afraid of? Forecast as of 31.07.2023

The Mexican currency has grown 14% against the USD since the beginning of the year and is therefore called "super peso" now. However, the BoJ's latest surprise suggests that the trend may break down. Let’s discuss it and make a trading plan for the USDMXN.

Monthly fundamental forecast for the Mexican peso

The Fed failed to break the neck of LA currencies, but the Bank of Japan will probably manage to do that. Latin American coins are now among the main Forex favorites, with the Mexican peso leading the race of more than 30 most liquid currencies tracked by Bloomberg…. Read full author’s opinion and review in blog of #LiteFinance