We have a short set up for the USD/MXN as the dollars safe-haven demand is reduced as equity markets rebound higher.
The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.
The Widening of interest rate differentials since the FED pegged rates near Zero, makes the U.S dollar the perfect Funding currency to purchase the Mexican Peso that an attractive investment currency.
Kayan Kalipha
