Higher cross-market volatility has pummeled the Mexican Peso. Economists at ING analyze MXN outlook. An unwind of the carry trade will provide some na
Cross-market volatility is picking up sharply which will continue to prompt an unwind of carry trade strategies. Here, the carry trade's former darling – the Mexican Peso – is getting hit hard.An unwind of the carry trade will provide some natural support to the Japanese Yen and continue to provide headwinds to other popular high-yield currencies in Latam , Europe and Asia .Information on these pages contains forward-looking statements that involve risks and uncertainties.
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The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.EUR/USD gained traction and rose above 1.0500 following a quiet Asian session on Wednesday. The data from the US showed that employment in the private sector increased at a much softer pace than expected in September, weighing on the USD and helping the pair edge higher.GBP/USD extended its daily rebound and advanced beyond 1.2150 on Wednesday.
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