Leveraged funds trimmed bets on the Mexican peso in a week that saw the currency briefly collapse amid rising geopolitical tensions. Hedge funds cut their net long position on the Mexican peso by 4,020 contracts to 53,469 contracts, the biggest reduction since late February, according to data from the Commodity Futures Trading Commission for the week through April 23. The peso tumbled more than 5% against the dollar on April 19 — which the market deemed a flash crash — after headlines on an Israel retaliatory strike on Iran spooked traders. The peso then trimmed its loss. But asset managers, including pension ... (full story)