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Leveraged funds trimmed bets on the Mexican peso in a week that saw the currency briefly collapse amid rising geopolitical tensions. Hedge funds cut their net long position on the Mexican peso by 4,020 contracts to 53,469 contracts, the biggest reduction since late February, according to data from the Commodity Futures Trading Commission for the week ...
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The US dollar (DXY) surged on Friday following several retests of descending channel support at 105.50. Watch today’s forex forecast video below to see how that could impact the EURUSD, GBPUSD, AUDUSD, and XAUUSD next week! The DXY is surging today after holding above the channel support we’ve discussed all week. Thursday’s session failed to close the ...
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