'Mexican Standoff' - Goldman Asks: Was Last Week's Peso Plunge A Buying Opportunity?

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by Tyler Durden
Sunday, Sep 10, 2023 - 11:00 PM

After treading water for the last two months around 17/USD (its strongest against the greenback since 2015), the Mexican Peso plunged last week after the Bank of Mexico's announcement that it intends to gradually reduce is FX-hedging program, as the liquidity and depth of the FX market have returned to adequate levels.

Source: Bloomberg