United States CFTC Oil NC Net Positions: 109.5K vs previous 141.1K

Mexican Peso rebounds, but carry trade exodus still bites

The Mexican Peso recovers some ground versus the US Dollar, gaining 0.50%, but it remains poised to end the week with a 3% loss as investors exit the “carry trade” amid a narrowing of the interest rate differential between the US and Mexico to its lowest level since 2015.
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