Short EUR/MXN: Q2 Top Trading Opportunities
Short EUR/MXN: Q2 Top Trading Opportunities Short EUR/MXN – Bringing Back the Carry Trade Advertisement The first quarter of 2021 has proven stale compared to the end of 2020 for risk-on assets, despite the continuation of a reflation trade from traditional stores of value to growth and cyclical assets. For most emerging market currencies the unwinding of USD shorts has meant rapid devaluation towards the end of the first quarter, with pairs like USD/MXN bouncing back above 4-month highs. But, despite recent moves making EM currencies look expensive, there is still plenty of potential in th...