Comprehensive review and analysis on the fundamental, quantitative and underlying market trends

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FICC Strategy Reports

The FX Files – Holiday Cheer Amidst Thin Liquidity

The MXN has proved the overnight star performer, indeed USD/MXN is trading levels witnessed immediately ahead of recent Trump tariff threat. The catalyst for the retreat are reports of a “wonderful”, and “very productive” conversation between Trump and Mexican President Sheinbaum. The USD/MXN retreat underlines that tariff threats are often merely part of a very blunt negotiating process.
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