Trade CAD/MXN with Fondex
Thinking of trading CAD/MXN?
- 1. The Bank of Canada has no specific target value for the CAD and has not intervened in the foreign exchange markets since 1998. It believes the value of the currency should be defined by its market performance. This is something very interesting for traders, as they will not have to worry about sudden unexpected decisions that would influence the currency (watch out for the SNB though, as this bank is indeed known for doing so)2. Unlike the EU, USA and Australia, Canada has only one index (Ivey PMI). The release of this index is basically a direct representation of the Canadian economy.
Trading CFDs involves significant risk of loss