As the pending impeachment of President Trump in the House of Representatives appears to be coming sooner than later, many are left wondering if the United States-Mexico-Canada Agreement (USMCA) will be ratified. House Democrats have not yet brought it to the floor for a vote, though Mexico and Canada have both already agreed to it. There are concerns about enforcement of the agreement. However, with the strength of the Mexican Peso vs the US Dollar over the last few weeks, it appears the market believes it will be approved. USD/MXN has been trading in a symmetrical triangle since April of 2018. On Friday the pair ... (full story)