- Analiza
- Novosti i instrumenti
- Vesti sa tržišta
- USD/MXN: Short opportunities to dissipate moving into fourth quarter - CIBC
USD/MXN: Short opportunities to dissipate moving into fourth quarter - CIBC
FXStreet notes that Mexican assets have continued to perform well over the last month despite concerns about growth and the spread of the COVID-19 pandemic throughout the country. USD/MXN has lost the 22.00 level and though a dip to 21.50 is not out of the cards, Luis Hurtado from CIBC Capital Markets expects short USD/MXN opportunities to dissipate into the fourth quarter and forecast the pair trading at 22 by year-end.
“The disconnect between the growth picture and the performance of the peso is evident, with two factors supporting it since the start of May. First, the high correlation of the MXN to global equities, and implicitly, global central bank liquidity, combined with vaccine hopes have provided a positive backdrop to the MXN. Second, Banxico’s cautious easing cycle, reinforced by recent upside surprises in inflation, has also provided relief as central banks in the region swiftly cut rates to historical lows due to the pandemic.”
“Although we do not discount USD/MXN revisiting 21.5, we expect short USD/MXN opportunities to dissipate as we move into Q4. First, we expect volatility to pick up as we approach the US election cycle, a scenario difficult to escape given the peso’s high correlation to US equities. Second, we expect the market to favour countries emerging from recession in better fiscal shape. Budget discussions and announcements during the second half of Q3 should also add to the increase in volatility as investors assess the possibility of further downgrades.”
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.
Банковни транcфери
