Mexico’s peso slump leaves currency experts unnerved as Trump uncertainty takes hold.
A further fall in the price of the Mexican peso Thursday has left market participants cautious on where the currency could be heading next, with new policy announcements by the Trump administration adding to a high level of political uncertainty.
"We see MXN (the Mexican peso) at 20-21 (per dollar) throughout the year. While we still see a possibility of MXN trading at 25-28, we now think there are too many uncertainties to have a strong conviction about strong depreciation or appreciation," Nomura said in a note on Friday.
"Mexico is one of the EM (emerging market) countries most exposed to the Trump administration's likely protectionist policies," Nomura added.
A further fall in the price of the Mexican peso Thursday has left market participants cautious on where the currency could be heading next, with new policy announcements by the Trump administration adding to a high level of political uncertainty.
"We see MXN (the Mexican peso) at 20-21 (per dollar) throughout the year. While we still see a possibility of MXN trading at 25-28, we now think there are too many uncertainties to have a strong conviction about strong depreciation or appreciation," Nomura said in a note on Friday.
"Mexico is one of the EM (emerging market) countries most exposed to the Trump administration's likely protectionist policies," Nomura added.
Сделка активна:
down
Сделка активна:
down
Сделка закрыта: достигнута тейк-профит цена
Сделка активна:
cor and go down
Сделка активна:
the trend is down
Сделка активна:
go with the trend down
Сделка закрыта: достигнута тейк-профит цена
