Reported 4 months ago
In Mexico, a two-year trend of profiting from the peso was upended by the recent presidential election shock, where Claudia Sheinbaum's victory strengthened the ruling leftist party. The peso plummeted by 5%, stocks initially fell over 6%, and risk premiums on Mexican assets surged. Investors face uncertainty as Sheinbaum's win could lead to significant legislative changes, impacting strategies in emerging-market investing and prompting a rethink of bullish recommendations on the peso.
Source: YAHOO