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DeepNewz, mobile.
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Mexico's ruling party, MORENA, led by President-elect Claudia Sheinbaum, secured a super-majority in the lower house and near two-thirds in the senate. Sheinbaum plans to push for judicial reform, causing the Mexican peso to weaken. President Lopez Obrador supports the reform despite market concerns.
Mexico's central bank could, in theory, step in if there's extreme volatility in the peso. President-Elect Claudia Sheinbaum was supposed to be inheriting a fairly stable and calm market, but the peso has dropped about 10% in June.📷@LuisAntonioR_mx https://t.co/4tgTYjcCff
“Perhaps the biggest test of Sheinbaum’s leadership will emerge even before she formally takes office—namely, how she handles the constitutional reforms that López Obrador got underway and that touch on the very essence of Mexican democracy.” https://t.co/cL8S0odG1U
Claudia Sheinbaum has been selected as Mexico’s first female president. https://t.co/EefMPRQkTI