Mexico’s peso slump leaves currency experts unnerved as Trump uncertainty takes hold.
A further fall in the price of the Mexican peso Thursday has left market participants cautious on where the currency could be heading next, with new policy announcements by the Trump administration adding to a high level of political uncertainty.
"We see MXN (the Mexican peso) at 20-21 (per dollar) throughout the year. While we still see a possibility of MXN trading at 25-28, we now think there are too many uncertainties to have a strong conviction about strong depreciation or appreciation," Nomura said in a note on Friday.
"Mexico is one of the EM (emerging market) countries most exposed to the Trump administration's likely protectionist policies," Nomura added.
A further fall in the price of the Mexican peso Thursday has left market participants cautious on where the currency could be heading next, with new policy announcements by the Trump administration adding to a high level of political uncertainty.
"We see MXN (the Mexican peso) at 20-21 (per dollar) throughout the year. While we still see a possibility of MXN trading at 25-28, we now think there are too many uncertainties to have a strong conviction about strong depreciation or appreciation," Nomura said in a note on Friday.
"Mexico is one of the EM (emerging market) countries most exposed to the Trump administration's likely protectionist policies," Nomura added.
Dagangan aktif:
down
Dagangan aktif:
down
Dagangan ditutup: sasaran tercapai
Dagangan aktif:
cor and go down
Dagangan aktif:
the trend is down
Dagangan aktif:
go with the trend down
Dagangan ditutup: sasaran tercapai
