Critical Time for the Peso

Critical Time for the Peso

The peso didn’t weaken much this week, not that it still can’t. It just puts us in a position where there is not much room to further test the 17.60 area since we are basically there now. The next support point is at 17 and followed by 16.35. The real...
Mexican Peso Update

Mexican Peso Update

A couple of things have been going on, with the peso. over the last month. We are seeing that the peso is holding it’s most recent support point at around 17.60 pesos to the U.S. dollar. Additionally, it appears as though we have put in a higher low, which could...
Mexican Peso Revisited

Mexican Peso Revisited

Part of the reason for the strength in the Mexican Peso can be tied to rate hikes in Mexico. Banco de Mexico recently raised its benchmark rate by a quarter percentage point to 7.00 percent.The central bank has now raised its main interest rate in the last seven...

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