Currency speculators decreased the number of net short bets on the Mexican peso for the fifth straight week, bringing the number of contracts against the peso to the lowest since a week before the US presidential election, data from the Commodity Futures Trading Commission released on Friday showed. The number of net short contracts against the peso moved to 3,281 at a value of $85.9 million. That was the lowest number of contracts since the week of November 3.
The peso has been one of the hottest currencies in the world in 2017, rising by around 17 percent against the US dollar since the inauguration of US President Donald Trump. After touching an all-time high of 22.03 pesos to the dollar on January 19, on Friday the dollar fell to 18.74 pesos, its lowest since November 9.