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Mexican Peso: Carry flows outpace fundamentals – BNY

BNY’s Geoff Yu highlights that Mexican Peso (MXN) carry demand is surging ahead of Banxico’s decision, with MXN the best-bought currency on a weekly basis. However, weak volumes, deteriorating equity flows and only modest sovereign bond demand temper the story.

Mexican Peso: Carry flows outpace fundamentals – BNY

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