FX.co ★ Speculators Trim Bullish Bets on Mexican Peso as CFTC Net Longs Ease to 58.2K

Speculative investors have scaled back their bullish exposure to the Mexican peso, with CFTC MXN speculative net positions easing to 58.2K contracts, down from 62.2K previously. The latest data, updated on 29 May 2026, indicates a moderation in optimism toward the currency, though positioning remains in net long territory.

The pullback in net long positions suggests that some traders may be locking in profits or hedging against potential near-term volatility in the peso, even as overall sentiment remains positive. While the reduction from 62.2K to 58.2K contracts is not drastic, it signals a degree of caution creeping into speculative positioning on Mexico’s currency.

For market participants, the shift in CFTC-reported MXN positions will be watched closely as a gauge of risk appetite toward emerging-market FX. A sustained decline in net longs could point to a broader reassessment of the peso’s outlook, while stabilization at current levels would suggest that speculative confidence remains broadly intact despite the recent adjustment.