"Claudia Sheinbaum Elected Mexico's First Female President, Markets React"

1 min read
Source: Bloomberg
"Claudia Sheinbaum Elected Mexico's First Female President, Markets React"
Photo: Bloomberg
TL;DR

The Mexican peso dropped 2.9% against the dollar following Claudia Sheinbaum's election victory, as traders fear her potential anti-market reforms with a strong congressional majority. Mexican assets, including dollar bonds and interest-rate swaps, also saw significant declines.

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