Goldman Sachs predicts a comeback
Analysts at Goldman Sachs see USD/MNX falling to 19.00 in 2017 because Trump's bite won't match his bark.
"The dominance of the U.S. in Mexican exports means Mexico has the most to lose from U.S. protectionism," said Kamakshya Trivedi, emerging-market macro strategist at Goldman Sachs. "But this risk is priced to a significant extent, and there is a good chance that worst-case scenarios are not realized and the MXN may benefit from stronger U.S. growth given a cheaper currency."
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For me, this is the kind of top/bottom picking that kills traders. But hey, if you want to be a hero, go for it. To me, long-term investments are better bets because the timing of a comeback is so hard to peg. Have you seen the prices Acapulco real estate? Get a 4 bdrm condo on the beach for $200K.
