⚠️💱Mexican Peso Implieds Extends Rise After Election: Cable FX Macro
- Rosbel Durán
- Jun 4, 2024
- 1 min read
Now that the election is out of the way, MXN denominated assets have not seen signs of relief. In fact, the USDMXN structure has risen across tenors, with the front-end rising the most
USD/MXN hedging demand over the next month has a cumulative 2d move of about 5.5 vols, the last read stands at 16.130%
Topside demand has sent the 1m risk reversal to the highest since the invasion of Ukraine, USD/MXN premium now stands 4.22 vols favouring calls over puts
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