Reported 11 months ago
Mexico's peso fell after President-elect Claudia Sheinbaum expressed support for a constitutional reform in the country's judicial system, raising concerns among investors. Sheinbaum plans to move forward with various legislative projects, including judicial reform, during the political transition. The proposed reform, if implemented, could impact the balance of power in Mexico as it would introduce judges elected by popular vote. This announcement led to a 1.8% decline in the peso's value to 18.58 per dollar, with investor fears of potential disruptions to the business climate under Sheinbaum's administration.
Source: YAHOO