The strong Dollar is pressing the Pesso

25 november 2021 109
Ivan__Titov
Ivan__Titov

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Expectations of rapid tightening of monetary policy by the FED are strengthening the Dollar. Currencies of developing countries are especially vulnerable in this situation, and Mexico is among them. USDMXN is close to its maximum at 21.63. The RSI index is entering the overbought zone, and there is some likelihood for some correction before a further rise.

Ivan__Titov
Ivan__Titov

Listed among the best MarketCheese authors
1st in the segment "Agricultural commodities"
3rd in the segment "Indices"
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