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Apr

03

Hedge Fund Bulls Breathe New Life Into World’s Hottest Currency

By Tony Seruga

Leveraged investors go long peso for first time in 11 months
Mexico’s peso surged 11% to lead global gains in first quarter

The world’s best currency rally this year is finding fresh support from hedge funds.

Leveraged investors turned net bullish on Mexico’s peso for the first time since Donald Trump all but locked up his bid to become the Republican party’s nominee in May, according to the latest data from the U.S. Commodity Futures Trading Commission. It’s a turnaround from when bearish positions reached a record in October amid speculation Trump’s pledges to support U.S. manufacturing would be a disaster for Mexico’s export-dependent economy…

Hedge Fund Bulls Breathe New Life Into World’s Hottest Currency

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