Reported 6 months ago
Mexican stocks fell over 6% and the peso closed at its weakest to the dollar since November after the ruling party's strong election result raised concerns of a super-majority in Congress. Claudia Sheinbaum's landslide victory in the presidential election caused market surprises, with fears that constitutional changes and diminished checks and balances may follow. The peso dropped 3.8% to its weakest daily close since November, prompting worries about the government's market policies.
Source: YAHOO