Reported 8 months ago
Mexican President-elect Claudia Sheinbaum appointed former Foreign Minister Marcelo Ebrard as the new economy minister, a move that boosted the peso as Ebrard's selection was considered market-friendly. The choice of Ebrard is seen as a moderate one, with experience in US relations, which positively impacted the currency. Sheinbaum also named Juan Ramon de la Fuente as foreign minister, part of a new cabinet signaling a shift towards more technical expertise and a less interventionist economic agenda, leading to optimism among investors.
Source: YAHOO