The Commodity Futures Trading Commission (CFTC) has released its latest data on speculative net positions for the Mexican Peso (MXN). As of September 13, 2024, the indicator has dropped from its previous value of 30.5K to 27.0K.This decline suggests a reduced speculative interest or confidence in the Mexican Peso among traders. Market analysts closely watch these figures, as net positions can indicate the overall sentiment towards a currency and potential future movements.The drop could be attributed to various factors impacting Mexico’s economy or broader market conditions. Investors and stakeholders will now be keenly observing forthcoming reports and economic indicators to gauge potential trends and impacts on the MXN.The material has been provided by InstaForex Company – www.instaforex.com
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