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Wednesday, January 10, 2018 8:44:07 AM
USD/MXN: Fundamental Review & Short-term Forecast
The last half of the 2017 showed that the MXN cannot resist the strong dollar, despite the rising oil prices and a relative improvement of the economic situation in Mexico. At the same time, the Mexican government didn't impact the MXN value. As a result, in December the inflation rate increased to 6.77% which is the highest level for the last 17 years. This has been achieved mainly due to the weakening of the Mexican peso.
More information see here
https://superforex.com/analytics/usd-mxn-fundamental-review-short-term-forecast/?x=FORUMS
The last half of the 2017 showed that the MXN cannot resist the strong dollar, despite the rising oil prices and a relative improvement of the economic situation in Mexico. At the same time, the Mexican government didn't impact the MXN value. As a result, in December the inflation rate increased to 6.77% which is the highest level for the last 17 years. This has been achieved mainly due to the weakening of the Mexican peso.
More information see here
https://superforex.com/analytics/usd-mxn-fundamental-review-short-term-forecast/?x=FORUMS
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