USD/MXN set to break below the 17.45 low of 2017 – ING USDMXN Mexico Banks
“Remittances back to Mexico remain high at $5bn per month, but this year’s hot topic will remain ‘nearshoring’ and the promise of large FDI inflows into Mexico.”
“Pressure is building for a USD/MXN to break below the 17.45 low of 2017 – and only long MXN positioning stands in the way.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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