USD/MXN Short. The assumption of a recovery of the US dollar after the approval of the “rescue” packages has not been confirmed and the journey of the USD to the hot hells of the debt sphere has begun. And paradoxically, even the Mexican peso is becoming a more respected currency than the all-beating Texas dollar. The value of the Dollar Index is falling, US debt is growing exponentially, and theoretically we can look forward to a reunion of Congress next year, where there will be a further increase in debt, or the US will run out of money again. Again, as in previous years, they will face bankruptcy. Which will probably sweep under the rug, as in the past, but it will definitely not benefit the dollar.
Chart and table source: WebTrader