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US Debate Lifts Peso, but Leaves the Dollar Non-Plussed

From marctomarket.com

The first US Presidential debate may not sway many voters but has lifted the Mexican peso. The peso, which has fallen by about 1.3% over the past two sessions, has stormed by 1.5% today as the seemingly biggest winner of the debate. Snap polls immediately following the debate gave the edge to Clinton. Speculators had amassed a near record gross short peso position in the futures market. It had more than doubled over the past three weeks to 109.9k futures contracts as the polls indicated the contest had tightened markedly since the end of August. The bears had added 24k contracts alone in the five-day reporting period ... (full story)

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