US Markets bet on the depreciation of the Mexican peso in the coming weeks

Judging by the bets on the market, the Mexican peso is in for some turbulence. The most recent data on futures contracts denominated in Mexican pesos on the Chicago Mercantile Exchange, the CME, point to a depreciation of the currency against the dollar in the coming weeks. It has been 11 consecutive weeks that bets against the peso have increased, reaching the highest number of downward speculative contracts since December 2021, says analyst Gabriela Siller, from Banco Base.