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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
MXN
- As noted in the week through April 2, the USD Index net position is consolidating at most recent lows, with outright position now short of 1,896 contracts, the lowest since 2021 according to the latest CFTC report.
- Regarding MXN specifically, the net position increased to 133,730 contracts, still representing a 52-week high (as shown below). Withing the report, leveraged funds raised net longs in MXN by 3,314 contracts to 51,172, which is also still the highest since March 2023. Asset managers increased net longs by 279 contracts to 173,217.
- The earlier mentioned fundamentals in Mexico, alongside an extremely attractive carry-to-vol ratio and supportive technicals continue to paint a solid picture for MXN bulls.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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