USD/MXN just tagged support with the peso in melt-up mode. USDMXN is correlated with VIX over longer periods, currently VIX hasn’t followed USDMXN lower. Take your pick as to whether you think the dollar is doomed and the bull market will enter a new rally phase or this is the final move before a major bear market eruption. I bet the latter with April puts on EWW.
