The USMCA agreement between the US, Canada and Mexico and the new president-elect inauguration were expected to shed some light to the MXN. However, the election of Andres Manuel Lopez Obrador resulted in many uncertainties for the investors and therefore weakened the Mexican peso.
Tag - mxn
Get the clues on trading the Mexican peso!
The new agreement between the United States, Mexico and Canada (USMCA) did not result in the long-term strengthening of the Mexican peso. Let's find out the reasons why.