(Bloomberg) 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.
