This par will break any moment, won't resist another attack to the 20.20. That is more likely to happen 1st quarter next year
Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points.
Factors:
Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays.
Oil prices won't support the peso.
Mexico's president populist programs will affect the investment, slow growth is expected
Pemex may have a rating downward.
I think is too risky to think in 18s, will be more profitable to buy lows and wait to the 21 to 24
Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points.
Factors:
Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays.
Oil prices won't support the peso.
Mexico's president populist programs will affect the investment, slow growth is expected
Pemex may have a rating downward.
I think is too risky to think in 18s, will be more profitable to buy lows and wait to the 21 to 24