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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (98523)	11/14/2017 6:51:06 PM
From: Alias Shrugged	Read Replies (1) \| Respond to of 220735

Got it. Sorry to be unclear. It sure looks like Mexican Peso could strengthen, especially if crude continues higher. I use pesos for most of my expenses and am buying pesos all the time. Buying in advance, or hedging my peso needs, rarely made sense as the peso usually weakens against the USD. South of the Border, we rarely see the words "strengthen" and "peso" in the same sentence, so it's all very disorienting. Now, at 19 to 1, this might be a nice level to buy a bunch of pesos and lock in this rate. Otherwise, I'll be crying like a 4 year-old if the peso does strengthen to 15 to 1! Mike