# USD/MXN: Mexican peso open to a squeeze - TDS — Octa

> The Mexican peso has been a top-performing currency since the start of 2019, supported by carry trades and falling volatility across emerging markets. TDS strategists warn that speculative positioning in MXN has reached record long levels, leaving the currency vulnerable to a squeeze from global or Mexico-specific factors.

- Date: 2019-03-22 · published 2019-03-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/60302-usd-mxn-mexican-peso-open-to-a-squeeze-tds-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso raises the cost of Mexican-bound feed and meat exports in dollar terms and can weigh on Mexican import demand for US grain and meal; a positioning-driven reversal could move the rate sharply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/681661/

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