¿Mexican peso bottom contrarian indicator from Bloomberg?

[ocelotl]

Please move this thread to the most adequate place.

I know the 2008 crisis has not ended or seen bottom, and that financial woes, political situation and civil unrest can always go worse. I just saw this article bashing Mexican Peso. Knowing that compared to currencies different from the USD the situation looks differently, I have to ask myself the reason of the tone of this article.

http://www.bloomberg.com/news/articles/2015-05-08/wall-street-s-beloved-mexican-peso-does-nothing-but-disappoint

Just checked. taking a 1 year frame, and using the Kitco currency charts I saw the following:





What's your opinion regarding this?

[jk]

Re: ¿Mexican peso bottom contrarian indicator from Bloomberg?

the mexican peso chart over the last 12 mos looks a lot like the chart for wtc. so i think the peso is a petro-currency and is suffering from the changed view of oil.

[ocelotl]

Re: ¿Mexican peso bottom contrarian indicator from Bloomberg?

So, we'll rephrase the question to make it a global one. The future of WTI/Brent/Mexican Mix is the point to look at...

http://www.oil-price.net/