Mexican Peso to $29 MXN per 1 USD by August 2020???

23. Juli 2019

The Peso is currently in a sideways consolidation perhaps due to investors awaiting the outcome of Mexico's current monetary policies by the new administration. However, current trend points to an exchange rate of about $ 29 Mexican pesos to 1 US dollar by August of 2020. Could the president's new policies contribute to the country's economic decline? Only time will tell.

9. März 2020

Anmerkung

The Mexican Governments continued streak of bad financial decisions have taken a toll on private investment, market confidence, PEMEX's huge losses, and the rise of civil discontent. Foreign investors are also losing confidence and as a result, the Peso is being sold leading to lower USD/MXN exchange rates (currently at 21 pesos per 1 USD).

25. März 2020

Trade ist aktiv

The Bank of Mexico will probably step in to counter market manipulators as seen today. However, it may be too late to stop the peso's (MXN) downfall currently at $25 MXN per $1 USD. Time will tell.

9. Apr. 2020

Trade ist aktiv

A bulilsh flag has formed. If the 27.50 resistance is broken, we may see the $29 target easily reached and passed toward a new high of $32 pesos per 1 USD.

21. Apr. 2020

Anmerkung

The crude oil crash, along with declining GDP and a stronger USD will more than likely allow the peso to continue its trip to the $25 MXN per USD all time high.