Strong peso with long and short opportunities
The peso will continue to be a strong currency throughout the year. The country's economy is robust and interest rates will remain high longer than those in the United States. Returning from Europe I see that the same thing happens with respect to the euro. It is not yet time to go long against the Mexican peso.
I hope the peso continues to strengthen and only rises for politically important moments.
For days close to the presidential elections I see that it could reach 17.25 by the end of May and up to 18.01 starting in June due to the same issue of the elections. I see consolidation but in general the peso will continue to be a strong currency. Reaching values close to the floor of 16.30
So in general short-term sales looking for supports and purchases at moments close to political decisions.
I hope the peso continues to strengthen and only rises for politically important moments.
For days close to the presidential elections I see that it could reach 17.25 by the end of May and up to 18.01 starting in June due to the same issue of the elections. I see consolidation but in general the peso will continue to be a strong currency. Reaching values close to the floor of 16.30
So in general short-term sales looking for supports and purchases at moments close to political decisions.
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