Bloomberg – Hedge funds and other investors are cutting their bullish bets on the Mexican peso by the most in 10 months on concern a slowdown in theU.S. economy will crimp demand for the Latin American country’s exports.
Wagers on the peso strengthening against the dollar outnumbered bets on a decline in the futures market by 48,163 contracts last week, down 47 percent from the same period ended June 7 and the biggest percentage decline since August, according to the Commodity Futures Trading Commission.
