Mexican peso hits its highest level in a month, looking at 19.00
US Dollar remains weak against Emerging Markets currencies. USD/MXN testing 2022 lows near 19.10, closer to 19.00. Bearish pressure to alleviate above 19.50 The USD/MXN is falling again on Tuesday as it continues to move with a bearish bias, approaching the 19.00 psychological area. Earlier today it bottomed at 19.08, the lowest level in a […]
Why Gold Is Still The Best Money
For most of US history — 1789 to 1971, a period of 182 years — the United States embraced the idea of a currency that is stable, reliable, and definite. In practice, this meant a currency whose value was linked to gold, the best real-world way to achieve these goals. There was nothing very creative […]
Will Mexican weaken? Forecast as of 05.01.2023
2023-01-05 2023-01-05 Will Mexican weaken? Forecast as of 05.01.2023 Dmitri Demidenkohttps://www.litefinance.org/blog/authors/dmitri-demidenko/ The Mexican peso could turn from a leader to an outsider in Forex. All bearish drivers have already been priced in the USDMXN. Let us discuss the Forex outlook and make up a trading plan. Weekly Mexican peso fundamental forecast Due to the pandemic […]