Peso found support, but only for a short time. Forecast as of 28.06.2024

Loss of respect from carry traders, rising volatility, a slowing Mexican economy, and the threat of Donald Trump returning to power make life difficult for USDMXN bears. Let’s discuss it and make a trading plan.Monthly fundamental forecast for Mexican pesoLove and hate are just one step apart. Latin American currencies have long been the favorites of Forex investors, as their high rates and low volatility made them perfect for carry trades. For example, buying the Mexican peso against the