Now that everyone knows that chump's wall is a flop and will never built, it's time to short this pair for the next four years.
Some Peso Traders Want Mexico to Buy Twitter and Shut It Down
There’s a strange idea circulating among Mexican currency traders. Well, more of a joke really. But there’s a certain logic to it. It goes like this: Instead of spending its precious reserves to defend the peso, Mexico should just buy Twitter Inc. -- at a cost of about $12 billion -- and immediately shut it down. The notion made the rounds this week after the central bank revealed it had already blown through $2 billion of reserves in a largely futile effort to shield the peso from a steady stream of anti-Mexico Tweets from Donald Trump. “I would suggest they do it fast,” joked Juan Carlos Alderete, a ... (full story)