Possible fall.
Possibly this is a Pump.
Personally I hope not, since I have 2 open purchase orders at $23.60 , $23.78
It would be great if the USD market recovers.
I remember that in the 2008 crisis the peso fell sharply. + the H1N1 virus
From $11 pesos per dollar to $16 pesos.
The same thing we saw these months ago an increase of $18 -> $25
If we make the simple sum of $4 or $5 pesos , the base price to keep the dollar is: $22 - $23 pesos.
In addition, because Mexico is already in recession, financial analysts say that in the third quarter (Q3) (Month of November) we will see the great effects of this.
Wait the month of August for the market to be more stable. And let's hope that June and July will be an exceptional month and will be bullish months.
Personally I hope not, since I have 2 open purchase orders at $23.60 , $23.78
It would be great if the USD market recovers.
I remember that in the 2008 crisis the peso fell sharply. + the H1N1 virus
From $11 pesos per dollar to $16 pesos.
The same thing we saw these months ago an increase of $18 -> $25
If we make the simple sum of $4 or $5 pesos , the base price to keep the dollar is: $22 - $23 pesos.
In addition, because Mexico is already in recession, financial analysts say that in the third quarter (Q3) (Month of November) we will see the great effects of this.
Wait the month of August for the market to be more stable. And let's hope that June and July will be an exceptional month and will be bullish months.
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