USDMXN sell opportunity-29.08.2017
Details of NAFTA negotiations are not that public, at-least that is the case for me right now. However, since Mario and Yellen are against protectionism and rather suggest stronger regulations like it has been the case, I expect the Peso to appreciate. NAFTA deals are beneficial for US companies-talk of cheaper production cost and labor in Mexico, and that is why any new Trade tariffs imposed will be disastrous for one of the largest exporters to the US-Mexico. If Trump campaign talks of tax reforms and the wall don't come to pass then I'm a Peso bull.
So, right now you should fade the USD and go for the interest bearing Peso.
Sell: 17.85
Stop Loss: 17.99
Take Profit: 17.55
So, right now you should fade the USD and go for the interest bearing Peso.
Sell: 17.85
Stop Loss: 17.99
Take Profit: 17.55
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