Speculative positioning in the Mexican peso has moderated, with net long contracts on the MXN slipping to 62.1K from 67.8K, according to the latest CFTC data updated on 8 May 2026.
The decline in net speculative positions suggests that bullish sentiment toward the peso has softened, as traders pare back exposure after previously elevated long interest. While positioning remains in net long territory, the pullback may indicate rising caution among market participants toward Mexico’s currency outlook, potentially in response to shifting global risk appetite or evolving expectations around interest rates and growth.
Market watchers will be monitoring upcoming macroeconomic releases and policy signals for further clues on whether this adjustment marks a temporary consolidation in MXN positioning or the start of a more sustained reassessment of peso bullishness.
