Reported 4 months ago
Claudia Sheinbaum's landslide victory in Mexico's presidential election has caused Mexican assets to decline, with traders concerned about potential anti-market reforms under her leadership. The Mexican peso dropped significantly against the dollar, and interest-rate swaps rose. Investors are now focused on Sheinbaum's economic team appointments and strategies to address fiscal deficits and debts. Wall Street strategists are warning about potential negative impacts on energy policy and foreign corporates, while also speculating on market reactions and government policies.
Source: YAHOO