- MarketPulse - https://www.marketpulse.com -

Mexico Expected To Continually Grow 5% ‘For Decades’

Rapid growth, a manufacturing boom and key industries opening up to foreign involvement put Mexico in a position to be this decade’s China in terms of investment opportunity.
Even the Federal Reserve’s diminished stimulus program isn’t denting enthusiasm south of the U.S. border.

“The fact that the tapering is happening means that the U.S. economy is recovering, and that’s very good news for Mexico,” which sends 80 percent of its exports to the U.S., Mexican Finance Minister Luis Videgaray told CNBC in an interview.

“We can deal with that challenge as long as U.S. growth is more robust,” he said, citing the Mexican peso’s outperformance relative to other hard-hit emerging market currencies, including those of Turkey, Indonesia and Brazil, as evidence that most investors generally feel the same way.

CNBC [1]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Mingze Wu

Mingze Wu [6]

Currency Analyst at Market Pulse [7]
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu
Mingze Wu

+Mingze Wu [10]