{
  "id": 11513068,
  "title": "Mexico’s Peso: Speculators Cut Net Bets to 52,402 Contracts After Slide",
  "url": "https://urgent.news/2026/10/02/mexicos-peso-speculators-cut-net-bets-to-52-402-contracts-after-slide",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T19:49:46.000Z",
  "source": {
    "name": "The Rio Times",
    "slug": "the-rio-times",
    "url": "https://www.riotimesonline.com/mexico-cftc-mxn-speculative-positions-october-2026/"
  },
  "original_language": "en",
  "account": "As of 29 September, the net bets by speculators on the Mexican peso strengthening against the US dollar stood at 52,402 futures contracts, according to the US Commodity Futures Trading Commission (CFTC). This was a decrease of 22,765 contracts from the previous week, marking three consecutive weeks of declining net positions. The peso experienced a 4% depreciation against the US dollar during the same period. The net position has been in decline for three weeks straight. The data, which cover a week when the peso fell, is taken on Tuesday and published on Friday. Traders are divided into groups, with a focus on \"non-commercial\" traders, primarily hedge funds and other investment funds, indicating speculative sentiment. Non-commercial traders held 115,431 contracts that profit from a stronger peso and 63,029 that profit from a weaker peso. Over the week, they reduced 12,164 long contracts and increased 10,601 short ones. The total open interest in peso contracts was 274,821. The US dollar was worth 17.2945 pesos on 22 September, 18.0465 on 29 September, and 18.2965 on 1 October, marking the peso's weakest level since December 2025. Analysts attribute this to US bond yields at their highest since 2007 and predictions of another US rate hike. Banco de México kept its benchmark rate at 6.50% on 24 September, lower than Brazil's 13.75%. When US yields rise, the advantage of holding pesos diminishes, leading to a decline in the peso's value. The net long position in pesos peaked at 109,301 contracts in early January and dropped to 54,657 by 2 June, recovering to 94,732 by 8 September. The latest figure is 52% lower than the January peak and the lowest since July 2025. For investors, the report reflects the extent to which funds are still speculating on a stronger peso. If they collectively sell, the currency could fall further and faster. For visitors, retirees, and businesses paying in dollars, a weaker peso stretches their budgets in Mexico. The report does not specify the future value of the peso. The next report, scheduled for 9 October, will provide positions based on Tuesday's data. The next US Federal Reserve meeting is on 27-28 October, and Banco de México is set to meet on 5 November. The weekly report by the CFTC, the US futures regulator, presents open positions in US futures markets by trader type on a Tuesday and publishes the data on Friday.",
  "summary": "Speculators’ net long position in Mexican peso futures was 52,402 contracts on 29 September, down 22,765 from a week earlier, CFTC data show, as the peso slid. The post Mexico’s Peso: Speculators Cut Net Bets to 52,402 Contracts After Slide appeared first on The Rio Times .",
  "key_points": [
    "Net speculator bets on peso strengthening fell to 52,402 contracts",
    "Peso depreciated 4% against US dollar in same period",
    "Analysts blame high US bond yields and expected rate hike"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}