Mexico's peso plummeted by 2% in a matter of minutes after a lawmaker from President Andres Manuel Lopez Obrador's ruling party announced plans to pursue constitutional reforms starting in September. The reforms include the popular election of Supreme Court justices, raising concerns about judicial independence. The peso took another hit as lawmakers aim to pass a slew of reforms proposed by the outgoing president, aiming to remove checks on the government's power. The currency's decline is part of its worst week against the dollar since the Covid shutdowns in March 2020.
Mexico’s peso sank after President-elect Claudia Sheinbaum said a controversial judicial system overhaul would be among the first to be discussed in congress via @mayaaverbuch @bpolitics https://t.co/Ysh1felOBh
Mexico’s peso sank after President-elect Claudia Sheinbaum said a proposed reform of the nation’s judicial system would be among the first to be discussed in congress https://t.co/EWSKSsc64E
Mexico's peso drops to 18.56 per dollar after President-elect Claudia Sheinbaum (unsurprisingly) says she backs AMLO's constitutional reform to overhaul the judicial system.. https://t.co/4ju7Ee9ZBx https://t.co/dNtlR8zFpc
⚠️ MEXICAN PESO WEAKENS 0.16% TO 18.4099 PER DOLLAR
Mexico’s peso hit by election fallout as left-wing party cements its power $EWW https://t.co/acYXPlWOLO
Mexico’s peso hit by election fallout as left-wing party cements its power https://t.co/AiB1FoxOqT
The Mexican peso is having its worst week versus the dollar since the Covid shutdowns in March 2020.
🇲🇽 Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms – Bloomberg https://t.co/yX3MrEhJzK https://t.co/5HYK0fZMQf
Mexico’s peso plunged after the leader of AMLO's ruling party in the lower house said lawmakers will seek to pass a slew of reforms to remove checks on the government’s power. https://t.co/qL4hlqiefw
Mexican Peso Tumbles As Ruling Party Vows To Pass Reforms - BBG https://t.co/KJe3JTh3YG
Mexico's Peso Plummets 2% on AMLO's Reform Plans Including Supreme Court Elections https://t.co/fsZOK9BsxY
Mexico's peso, the most liquid EM currency, PLUMMETS 2% in a matter of minutes after a lawmaker from AMLO's ruling party says they plan to pursue constitutional reforms starting in Sept. Those include popular election of Supreme Court justices (endangering judicial independence) https://t.co/TcCP2Vdwua
Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms: BBG
Mexico’s peso sank after the leader of the ruling party in the lower house said lawmakers would seek to pass a swath of reforms proposed by AMLO https://t.co/JyukMKhmfK via @markets @michaelob_mex @andradevini3 @song_eleanor @vizcainomariae @PNSanders @julialeite
The peso takes another hit as the leader of Mexico’s ruling party in the lower house says lawmakers want to pass a swath of reforms proposed by outgoing president Andres Manuel Lopez Obrador, @michaelob_mex @andradevini3 report https://t.co/Tj8WEDNPJN https://t.co/OdArWpVZ8e
Mexico’s peso sank after the leader of the ruling party in the lower house said lawmakers would seek to pass a swath of reforms proposed by President Andres Manuel Lopez Obrador https://t.co/OJtP1de42o