USDMXN - Trump Sleeper Trade (100k+ Trade)
With Trump projected to claim the White House after preliminary votes are in, all eyes turn to Mexico.
Trump has been an outspoken opponent of the "Border Crisis" and the loss of jobs to nearshored workers.
Trump has threatened Mexico with tariffs on both fronts and is projected to have the House and Senate's support when proposing ballots. Expect many Republican States to issue strong punitive measures AGAINST Mexico.
I expect the Peso to weaken to historic lows during this presidency. Target is 32, but could be more or less. This is made BEFORE Trump has taken office or made any decisions, however, Mexican Peso will still weaken until clarity is provided on why it shouldn't.
USDMXN
Potential rate cut on 11/7, but this should be a minor event in comparison to the implications of a Trump Presidency.
Trump has been an outspoken opponent of the "Border Crisis" and the loss of jobs to nearshored workers.
Trump has threatened Mexico with tariffs on both fronts and is projected to have the House and Senate's support when proposing ballots. Expect many Republican States to issue strong punitive measures AGAINST Mexico.
I expect the Peso to weaken to historic lows during this presidency. Target is 32, but could be more or less. This is made BEFORE Trump has taken office or made any decisions, however, Mexican Peso will still weaken until clarity is provided on why it shouldn't.
USDMXN Potential rate cut on 11/7, but this should be a minor event in comparison to the implications of a Trump Presidency.
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