# Funds cashing in on large short dollar position

> Speculative funds raised their net long peso position to 96,000 contracts in the week to July 11, close to a post-pandemic high. Bullish momentum in the Brazilian real is the strongest since April, and both currencies have performed strongly.

- Date: 2023-07-17 · published 2023-07-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/35243-funds-cashing-in-on-large-short-dollar-position
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Heavy speculative positioning in the real and peso reflects a weaker dollar view that can shift export competitiveness for Brazilian and Mexican origins, though the effect on feed prices is indirect.

## Read by commodity

- USDBRL: bearish ▼
- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/funds-cashing-large-short-dollar-position-mcgeever-2023-07-17/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.