Currencies
Hedge Funds Cut Back on ‘Super Peso’ Bets in Flash Crash Week
- Funds cut bets on Mexico’s currency by the most since February
- Asset managers reduced long wagers to lowest in three months
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Leveraged funds trimmed bets on the Mexican peso in a week that saw the currency briefly collapse amid rising geopolitical tensions.
Hedge funds cut their net long position on the Mexican peso by 4,020 contracts to 53,469 contracts, the biggest reduction since late February, according to data from the Commodity Futures Trading Commission for the week through April 23.