An exotic financial instrument rarely used by traders. CUC stands for the convertible version of the peso, Cuba’s national currency, also known as “cooks” among locals. Originally this currency was designed as an alternative to the dollar, to be used by tourists and diplomatic officials. CUC is pegged 1:1 to the American dollar.
Today, CUC/USD is traded on many exchanges, its key element is the Cuban peso. The asset’s quotes are amenable to technical analysis. Several moving averages with different time periods can help find the best entry point. However, fundamental analysis is also necessary. Changes in the price of the Cuban peso can be triggered by the country’s monetary policy, employment levels, GDP, inflation, political situation in the region, and many other factors.
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La tendencia general es a la baja. …
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