Can the Mexican Peso Recover from its Drastic Fall?

[kreslik.news]

This article was written by Phil Moore, a full time retail trader with over ten years’ trading experience.

The Mexican peso has so far been one of the biggest losers following the confirmation of Donald Trump’s US Presidential victory. The currency fell 10% as soon as the election result was announced.

Early trading on the USD/MXN post-election has so far looked like one way traffic. However markets rarely move in a straight line up or down. Brokers from around the globe have already started to increase margin requirements on the pair. The expectation of higher volatility and the possibly of ... (read more)