BofA's Woo: Why I'm Bullish on the Mexican Peso

The video discusses the potential impact of Trump's presidency on the Mexican Peso and NAFTA, highlighting that while Trump can withdraw from NAFTA, renegotiation requires congressional approval. The discussion shifts to the oil market, noting the significance of OPEC's production cuts and Russia's involvement, which is expected to benefit the US economy and the Russian Ruble. The video also covers the potential for sanctions relief for Russia under Trump and concludes with a technical analysis of the New Zealand Dollar and commodity markets, suggesting that current rallies may not be sustainable.

What is the primary concern regarding the Mexican peso in relation to Trump's policies?

• The impact of US infrastructure spending

• The possibility of NAFTA being renegotiated

• The potential for increased oil prices

• The rise of the Russian ruble

How does OPEC's production cut impact the US economy?

• It leads to lower oil prices in the US

• It allows US producers to increase production at higher prices

• It causes a decrease in US GDP growth

• It results in a stronger Mexican peso

What is one potential benefit for Russia under Trump's presidency?

• Increased oil production

• Stronger Mexican exports

• Higher real rates in emerging markets

• Sanctions relief related to Ukraine

What is the main reason for the perceived overvaluation of the New Zealand dollar?

• Rising US GDP growth

• Increased Chinese construction spending

• Delayed US infrastructure spending

• High oil prices

What is expected to happen to Chinese construction spending according to the transcript?

• It will have no impact on commodity markets

• It will increase significantly

• It will remain stable

• It will slow down