Tag Archives: MXN

USD/MXN Mexican Peso Dropping Heavily

Nenad Kerkez

Recent suggestions in the media that Trump is closing the gap in the polls ahead of the US election is putting further pressure on the MXN. Trump’s plans are to do better trade deals with Mexico, and perhaps build a wall to stop illegal immigration in the USA. The USD is also losing some strength when looking at the USD Index, and this is primarily due to risk-off against the USD ahead of the elections. We can see de-risking now in most markets. more…