🐍🦅Mexican Peso Holds Volatile Tuesday Session: Cable FX Macro

**As seen in Online Tools > Chart Grid, get access now! cablefxm.co.uk

• The chart grid below holds MXN crosses and share the same volatility profile, this shows the market was driven by headlines on U.S. trade policy developments

• Alternative market sources pointed to a battle of systematic funds vs real money and hedge fund names. The latter groups were fading the topside of USD/MXN into 21.0

• A Swiss desk continues to favour USD/MXN sell on rallies, they note positioning is not too heavy on the pair as real money names are net short while CTAs hold net USD longs. Buckle up!