The Mexican peso, one of the only currencies that stood a chance against the mighty US dollar, has not had much luck lately. The Mexican Peso has declined 3.6 percent against USD in this month, after detracting to 0.0791 against the USD today. When all other major currencies, EUR, CAD, AUD, JPY, GBP, and even CPH look weak against the US dollar, hedge funds took to betting their longs in favor of the Mexican peso.
Mexican Peso Down 2.2% YTD, Aussie Dollar -7.26%
BAML expects USD to strengthen to MXN13...
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