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The bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a...

The bull run in the Mexican peso is over, write Bernard and Cignarella, as the country posts a Y/Y tripling in the trade deficit in October. The gap comes as the economy slows - Y/Y GDP growth of 3.3% in Q3 vs. an average 4.5% pace for the year. The Bank of Mexico today left rates unchanged at 4.5%, but backed off previous threats of an imminent rate hike. EWW +26.5% YTD,
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