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Home FINANCIAL

‘Mexican Standoff’ – Goldman Asks: Was Last Week’s Peso Plunge A Buying Opportunity?

Beyond Mainstream News by Beyond Mainstream News
September 11, 2023
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After treading water for the last two months around 17/USD (its strongest against the greenback since 2015), the Mexican Peso plunged last week after the Bank of Mexico’s announcement that it intends to gradually reduce is FX-hedging program, as the liquidity and depth of the FX market have returned to adequate levels.

Source: Bloomberg

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https://www.zerohedge.com/markets/mexican-standoff-goldman-asks-was-last-weeks-peso-plunge-buying-opportunity

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