QUANT SIGNALS: USDMXN
MXN sold off massively following the Mexican election last week but we still view the MXN as a clear-cut 'trade balance' play. As long as the trade ties between China and the US increasingly necessitate a 'value-add middleman,' Mexico remains in an advantageous position, regardless of whether the president is Sheinbaum or Obrador.
The case for a stronger MXN
MXN sold off massively following the Mexican election last week but we still view the MXN as a clear-cut ‘trade balance’ play. As long as the trade ties between China and the US increasingly necessitate a ‘value-add middleman,’ Mexico remains in an advantageous position, regardless of whether the president is Sheinbaum or Obrador.
MXN sold off massively following the Mexican election last week but we still view the MXN as a clear-cut ‘trade balance’ play. As long as the trade ties between China and the US increasingly necessitate a ‘value-add middleman,’ Mexico remains in an advantageous position, regardless of whether the president is Sheinbaum or Obrador.
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