Need to Know: The contrarian case for buying a big U.S. fund filled with Mexican stocks

A couple of U.S. frenemies have grabbed traders’ attention, as the Dow fights to end the week above 20K.

President Trump’s get-together with his Mexican counterpart is cancelado, but at last check he’s still huddling later today with his opposite number from our former overlord.

The nixed Mexican meeting halted the peso’s USDMXN, -0.1627% brief rally , and now there are “tough issues” to tackle as Trump chats with Britain’s Theresa May, says TopTradr analyst Tony Cross. Any hints that our dealmaker-in-chief is trying to “take advantage of the U.K.’s diminished position as it edges out of the EU” could whack the pound GBPUSD, -0.4763% , Cross warns.

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