Mexican peso surges, defying risks; investors hesitant to bet against it.

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Mexican Peso Is So Strong Investors Fear Betting Against It

Investors are pushing the world’s most expensive currency to ever more dizzying heights, shrugging off the risks from interest-rate cuts, divisive elections and analyst warnings.

Mexico’s peso is the world’s… pic.twitter.com/PlXWTs4St0

— Tracy (𝒞𝒽𝒾 ) (@chigrl) March 15, 2024

See also Peter Schiff: Philly Fed survey plunges to -16.4; rising costs, falling revenues signal stagflation. Jim Bianco: If bonds lose faith in the Fed, yields will surge.

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