Traders are trying to work out whether the peso is now cheap.
The problem is trying to work out how the US-Mexico impasse will unwind. The backdrop is a world of change, underlying structural tensions and trade inconsistencies, says Stephen Jen of Eurizon SLJ Capital.
“We see Mexico as being at the crossroads of many of the issues that are being discussed at present, and the only positive for the peso is its cheap valuation,” he says.
Posted on the 23/02/2017 at 9:44am by joana.