Mexican Peso Threatened by Tariffs. Forecast as of 16.10.2024

The increase in Donald Trump's ratings in the presidential race has prompted panic among USDMXN bears. The return of previous traders' fears has ignited a desire to sell the peso as quickly as possible. Let's discuss this topic and make a trading plan.Highlights and key points The Trump trade revival has pushed the USDMXN quotes higher. The 100%, 200%, and 2,000% tariffs on imports from Mexico put pressure on the Mexican peso. Emerging markets' concerns are driven not only by events in