Mexican Peso No Longer 'Super'. Forecast as of 06.08.2024

The Mexican peso has demonstrated consistent strength since the spring of 2020, reaching an eight-year high against the US dollar in April. However, the market dynamics shifted significantly by the end of the summer. Let's discuss this topic and make a trading plan for the USDMXN pair.Highlights and key points The USDMXN's trend reversed due to the elections in Mexico. The peso was falling on fears of Donald Trump. A winding down in carry trade also weakened the peso. The USDMXN pair reached its