Reported about 1 month ago
The Mexican peso suffered significant losses following the approval of President Lopez Obrador's plans to overhaul the judiciary by a congressional committee, which investors fear will threaten the rule of law. The proposed changes, aimed at combating corruption, would alter how federal judges are selected, raising concerns about judicial independence. As a result, the peso dropped 1.4% to $19.68, marking its lowest value in three weeks and prompting investment firms to reassess their positions on Mexican assets.
Source: YAHOO