Mexico's ruling Morena party, led by Senate Majority Leader Ricardo Monreal, is set to discuss judicial reforms in Congress, aiming to bring investor certainty. The reforms, described as 'urgent' by outgoing President Andres Manuel Lopez Obrador, come amid significant market reactions. The Mexican peso has plunged approximately 10% since Claudia Sheinbaum's election victory, marking the worst sell-off since March 2020. Bond rates for Mexico's 20 and 30-year bonds have increased by more than 40 basis points. The peso deepened losses to more than 2% against the dollar and is approaching 19 per dollar. Despite concerns, the president-elect assures investors that they have nothing to fear.
⚠️ BRAZIL'S BOVESPA STOCK INDEX .BVSP FALLS MORE THAN 1%, REAL BRBY WEAKENS AROUND 1% AGAINST THE DOLLAR
AMLO's judicial 'reform' needs to be understood for what it is: a cynical power grab after Mexico's Supreme Court ruled against some of his key policies Seen that way, it's not a surprise investors are reacting the way they are my latest for @opinion https://t.co/e6V223JEU7
AMLO's judicial 'reform' needs to be understood for what it is: a cynical power grab after Mexico's Supreme Court ruled against some of his key policies Seen that way, it's not a surprise investors are reacting they way they are my latest for @opinion https://t.co/e6V223JEU7
⚠️ MEXICAN PESO PARES BACK LOSSES TO 1.8% AMID VOLATILE TRADING
Mexico's peso is approaching 19 per dollar, a 10% drop since Claudia Sheinbaum's victory 10 days ago. But what if the end of talk of a "Super Peso" isn't a flaw, but a feature, of the new administration? Far cheaper to weaken MXN/USD using public talk than Banxico reserves... https://t.co/wslDnekzjP https://t.co/nlxHfO6kM5
Mexico’s president-elect pushes judicial reform past market fears https://t.co/6XvbY7iRwH
#Mexican Peso Adds to Losses as AMLO Pushes for Fast Judicial Reform @business https://t.co/FpyfOiJCYA
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
Claudia Sheinbaum was set to inherit the world’s top performing currency. Instead she’s confronting a historic slump in the peso that’s casting a pall over her early days in leadership, @michaelob_mex @mayaaverbuch report https://t.co/rFkq1119bA https://t.co/t0GI5sSLYQ
Mexico’s recent election has opened the door for major judicial, social and other constitutional changes sought by outgoing President Andres Manuel Lopez Obrador — and sent the peso lower. Here's what to know https://t.co/eAWb8plTuJ
SCOOP: On Friday at the Chamber of Commerce in Washington, US business officials told Mexico’s foreign minister they’re concerned the AMLO/Sheinbaum "judicial reform" to elect Supreme Court justices could hurt the 🇲🇽 investment climate, sources tell me. https://t.co/eePj7qgSBm
Mexican president-elect says investors have nothing to fear https://t.co/OppgQI8Txp
⚠️ MEXICAN PESO DEEPENS LOSSES TO MORE THAN 2% VS DLR
The Mexican peso added to losses as outgoing President Andres Manuel Lopez Obrador described judicial reform as “urgent” https://t.co/uhGrDKqvRI
Mexico's outgoing president vows to pursue changes to Constitution despite market nervousness | @abcnews https://t.co/nJBMh6mRsh
Peso now down about 8% since Sheinbaum's huge win https://t.co/GAyWl7rnzG https://t.co/gYShoZDrCf
Mexico president says will not push successor to rush constitutional reforms https://t.co/vOidJ3zv0g https://t.co/nPj64sgotf
Mexico’s ruling party will keep the market in mind as it moves to discuss constitutional reforms, Senate Majority Leader @RicardoMonrealA says. Monreal, who was key to passing USMCA in a senate with a Morena supermajority, spoke with @mayaaverbuch. https://t.co/rQzxapH0kr
Mexico’s ruling party will keep the market in mind as it moves to discuss constitutional reforms, Senate Majority Leader Ricardo Monreal said in an interview. https://t.co/v4HzPrX36L
⚠️ MEXICO'S 20 AND 30 YEAR BOND RATES SHOOT UP MORE THAN 40 BASIS POINTS
Devil's advocate: What if the Mexican peso's plunge is actually GOOD for the economy & Sheinbaum? The "Super Peso" was high on a list of challenges ahead of June 2. Much less concern today. At current MXN/USD, hard to see ton of inflation impact, either https://t.co/L4q4vSjInm
⚠️ HEAD OF MEXICO'S RULING MORENA PARTY SAYS CLEAR THAT MEXICO NEEDS JUDICIAL REFORM, WILL BE DISCUSSED IN CONGRESS -LOCAL MEDIA **HEAD OF MEXICO'S RULING MORENA PARTY SAYS BELIEVES REFORM CAN BRING INVESTOR CERTAINTY -LOCAL MEDIA