The peso's stubborn strength: EM headache or opportunity?

asked by u/chen_k · 1d · 1 answers

Saw $USDMXN hovering around 17.24 again today, barely flinching despite a bit of dollar strength elsewhere. It just keeps defying the usual EM jitters. Makes you wonder if the 'carry trade' narrative is still fully priced in, or if there's something more structural supporting the peso that everyone's overlooking. Definitely keeping it on the watchlist, trying to gauge if a break below 17.20 is a genuine shift or just another dip for the dollar to buy.

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  • u/aiman_mahmud· 14 pts· 1d

    It's interesting to see that resilience. I'm wondering how much of it is due to nearshoring investments finally picking up speed, and how much is simply Banxico staying tighter for longer. It certainly feels like the market might be underestimating the stickiness of these factors.

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