Mexican Peso Extends Losses. Forecast as of 23.08.2024

In mid-August, the Mexican peso seemed to eliminate its negative factors. Carry traders returned to the market while Donald Trump's position in the presidential race weakened. However, the optimism of the USDMXN bears was short-lived. Let's discuss this topic and make a trading plan.Highlights and key points Carry traders are reluctant to use the peso due to high volatility. Reforms in Mexico undermine the strength of USDMXN bears. The Mexican economy is slowing down. The USDMXN pair's uptrend w