Former Head of LatAm FX trading at JPMorgan eyes big bet against Mexican peso


Time to bet against MXN

After 17 years at JPMorgan including leading its Latin American FX desk, Giovani Silva has started his own fund and a big bet against the Mexican peso is one of his first moves.

“Silva is looking at disappointing growth in Mexico and planning to short the peso and receive rates; he’s also studying Brazilian stocks to identify those most likely to benefit from the government’s efforts to shore up its fiscal accounts,” Bloomberg reports.

USD/MXN in near support:

Products You May Like

Articles You May Like

A former official casts doubt on India’s GDP figures
Eurozone: Range of interesting events next week – Danske Bank
Draghi Signals Fresh Easing Sending Euro Lower
Ignore Gloomy Stock Market Warnings – Investor Actions Show Equities As Desirable
Forex Trader Lifestyle: Traveling to Minneapolis 📈✈️🌎

Leave a Reply

Your email address will not be published. Required fields are marked *