Analyst who predicted stronger peso is still bullish on the currency

The peso has strengthened since the election. BLOOMBERG Analyst who predicted stronger peso is still bullish on the currency Latest prediction is it will reach 18 to the dollar by the end of the year Wednesday, July 18, 2018 One of just two analysts who predicted the peso would strengthen after the July 1 election is still bullish, Bloomberg reported today. Ilya Gofshteyn at Standard Chartered Bank in New York forecast the currency would strengthen past 19 to the dollar Read More …

The strength of the dollar against the peso is the main reason for foreigners buying real estate in Mexico right now.

The strength of the dollar against the peso is the main reason for foreigners buying real estate in Mexico right now. In 2016 and 2017 the number of closed sales to foreigners rose to 1,105 on an annual average. From 2008 to 2015 it was 663 on average, according to information obtained through a Transparency request to the Ministry of Foreign Affairs (SRE); so far in 2018 there are 290 properties sold to foreigners. This investment occurs mainly in the Read More …

Mexican peso hits 10-month high.

Mexican peso hits 10-month high June 9, 2017 Mexico’s peso currency reached an almost 10-month high on Friday and data on derivatives market bets showed investors have taken the most optimistic view on the currency in four years. The Mexican currency clawed its way back to levels last seen before the election of Donald Trump as U.S. president as higher oil prices helped lift emerging market currencies. The peso firmed to 18.1125 pesos per dollar, its best level since Aug. Read More …

Trump makes Mexican peso great again; investors see more gains ahead.

Vallarta Daily News   Feb 03, 2017 Mexico’s peso has improbably been the world’s top-performing currency since Donald Trump’s presidential inauguration, and an increasing number of emerging market fund managers said it could rebound further from its nosedive following the U.S. election. Even before its inauguration comeback, a number of emerging market fund managers were betting that the peso had seen its worst days and was poised to outperform in 2017 along with other Mexican assets. “We’ve gone from an outright Read More …