The Mexican peso weakened by 0.16% to 18.4099 per dollar but later reversed losses, strengthening by 0.15% to 18.3520 per dollar. The peso's 8.3% drop in the past week since Claudia Sheinbaum's election marks the worst sell-off since March 2020, when it hit 24 per dollar. It is currently the worst performing currency of the day, hitting new post-election lows.
Peso, worst performing currency of the day. New post-election lows https://t.co/sdQO2sCDib
The Mexican peso's 8.3% drop in the past seven days since Claudia Sheinbaum's election is the worst sell-off since March 2020, when everyone basically thought that the world was ending due to Covid-19 (remember the peso at 24 per dollar?) https://t.co/96v4vC59gj
⚠️ MEXICAN PESO WEAKENS 0.16% TO 18.4099 PER DOLLAR
⚠️ MEXICAN PESO REVERSES LOSSES, STRENGTHENS 0.15% TO 18.3520 PER DOLLAR
The Mexican peso is having its worst week versus the dollar since the Covid shutdowns in March 2020.