Taking a closer look at the Mexican Peso

Taking a closer look at the Mexican Peso

Written by: PaxForex analytics dept - Tuesday, 12 November 2019 0 comments

The Mexican economy is often overlooked, but traders and investors who decide to ignore this Latin market may be missing out on great opportunities. Morgan Stanley, UBS Group and Societe Generale are growing more cautious on the outlook of the Mexican economy, but this doesn’t mean that trading opportunities don’t exist. The global economic slowdown is having an impact as well, but what does this mean for the Mexican Peso? One of the biggest obstacles to economic growth may come directly from President Lopez Obrador’s pledge to maintain a budget surplus.