Mexican Peso devaluation explained with elections

Allan J. Kuri Eguiarte, MBA, said that everything indicates that the next Mexican Hugo Chávez will win.

“The EUR/MXN has reached its historical maximum and now when everything indicates that socialist will win, the currency pair will go up even more,” he said.

“The socialist candidate doesn’t even speak English and he took 15 years to complete his politics bachelor with the minimum grade. Some in his team are rumored to be criminals, and together they are expected to take down the Mexican economy.”

“With a change of a president we always have big devaluations of Mexican Peso, and now that it will be a socialist, EUR/MXN will go above 30 mark,” he said.

Allan J. Kuri Eguiarte, MBA