‘Mexican Standoff’ – Goldman Asks: Was Last Week’s Peso Plunge A Buying Opportunity?

After treading water for the final two months round 17/USD (its strongest in opposition to the buck since 2015), the Mexican Peso plunged final week after the Bank of Mexico’s announcement that it intends to step by step scale back is FX-hedging program, because the liquidity and depth of the FX market have returned to enough ranges.

Source: Bloomberg


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