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Friends,
Mexican Peso (MXN) looks interesting for these reasons -
>> USDMXN has sharply risen above 19 psychological level. Mexican peso is now threatening to break above $20 if the U.S. electoral anxiety continues.
>> Trumps comments about Mexican immigrants and his anti-trade stance have made the MXN a natural proxy to short. Trump’s comments on Mexican immigration has put the currency in a position of a hedge given the high liquidity in the market.
>> New revelations from FBI investigation has almost eroded Hilary Clinton’s lead in the polls. Trump stands to gain from this development. No surprise that MXN is under immense selling pressure.
Cheers !!
Mexican Peso (MXN) looks interesting for these reasons -
>> USDMXN has sharply risen above 19 psychological level. Mexican peso is now threatening to break above $20 if the U.S. electoral anxiety continues.
>> Trumps comments about Mexican immigrants and his anti-trade stance have made the MXN a natural proxy to short. Trump’s comments on Mexican immigration has put the currency in a position of a hedge given the high liquidity in the market.
>> New revelations from FBI investigation has almost eroded Hilary Clinton’s lead in the polls. Trump stands to gain from this development. No surprise that MXN is under immense selling pressure.
Cheers !!
