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02 Oct 2026 · 13:03 GMT+3

Mexican Peso: Carry liquidation pressures LatAm currencies – MUFG

MUFG’s Derek Halpenny notes that rising rates volatility is driving a broader unwind of EM FX carry trades, with LatAm currencies under particular pressure. USD/MXN has surged and MXN long leveraged positions are being squeezed as implied volatility jumps.

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