Mexican Peso Speculators reduced their net positions

September 25, 2017

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Mexican Peso Non-Commercial Speculator Positions:

Large speculators decreased their net positions in the Mexican Peso futures markets this week, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC) on Friday.

The non-commercial futures contracts of Mexican Peso futures, traded by large speculators and hedge funds, totaled a net position of 76,952 contracts in the data reported through Tuesday September 19th. This was a weekly lowering of -40,046 contracts from the previous week which had a total of 116,998 net contracts.

Mexican Peso Commercial Positions:

The commercial traders position, categorized by the CFTC as hedgers or traders engaged in buying and selling for business purposes, totaled a net position of -83,142 contracts on the week. This was a weekly boost of 39,976 contracts from the total net of -123,118 contracts reported the previous week.

MXNUSD:

Over the same weekly reporting time-frame, from Tuesday to Tuesday, the MXNUSD Currency Pair closed at approximately $0.0561426 which was a shortfall of $-0.00023 from the previous close of $0.0563726, according to unofficial market data.

*COT Report: The COT data, released weekly to the public each Friday, is updated through the most recent Tuesday (data is 3 days old) and shows a quick view of how large speculators or non-commercials (for-profit traders) as well as the commercial traders (hedgers & traders for business purposes) were positioned in the futures markets. The CFTC categorizes trader positions according to commercial hedgers (traders who use futures contracts for hedging as part of the business), non-commercials (large traders who speculate to realize trading profits) and nonreportable traders (usually small traders/speculators). Find CFTC criteria here: (http://www.cftc.gov/MarketReports/CommitmentsofTraders/ExplanatoryNotes/index.htm).

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