Reported about 1 year ago
The Mexican peso declined 1.2% against the US dollar as President Andres Manuel Lopez Obrador emphasized the importance of a swift judicial reform, sparking concerns of eroding checks on the ruling party. President-elect Claudia Sheinbaum also supported the reform but called for wider discussions. Investors worry about potential risks ahead, with Morgan Stanley foreseeing room for more losses due to the country's outlook. The peso has slid since Sheinbaum's election, raising concerns about the hasty implementation of reforms before she takes office.
Source: YAHOO