Currencies Question
Shorting the Mexican Peso
I've heard there is a new currency option that will allow shorting the Mexican Peso - what are the particulars and the trading symbol?
Asked by dtoomey4243 in
Currencies
4 months ago
Answers
2082 points
alanj answered 4 months ago …
FXM is an ETF that has put options available. However, the volume on the options is extremely light. If you are allowed to short in your account by borrowing the shares from your broker first and buying the shares back later would be another way to short FXM.
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alanj answered 4 months ago …
You can also open an account with a forex broker and trade the Mexican Peso against the US dollar. You would short by selling the USDMXN first and then buying it back when it goes lower.
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