Hedge Funds Slash Mexican Peso Longs, Cut Euro ShortsVW Staff
Data from CFTC shows that investors took the week ending on June 4 to reduce their crowded bets in financial futures. One of the most significant reversals was seen in long exposures in the Mexican peso by hedge funds and CTAs, which are categorized as 'leveraged funds' by CFTC. Investors pulled long contracts in MXN futures and options from 113,830 positions to 80,873 contracts, roughly a 30 percent cut.
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