Back in July, I argued my bullish view on the Mexican peso. The currency had shown surprising strength against the U.S. dollar, and with the renegotiating of the NAFTA agreement coupled with higher interest rates in Mexico attracting investors - I hypothesised we would see a further rise in the MXN/USD.
However, the currency dipped below the 0.05 level in August, before rebounding to 0.05194 at the time of writing:
Source: investing.com
While the Federal Reserve has cut rates twice this year to spur economic growth - the position now seems to be that further