The Mexican Peso (MXN) seesaws between tepid gains and losses on Thursday after bottoming out at an 18-month low due to politically-inspired market jitters.
The Mexican Peso bottoms out after falling to 18-month lows midweek. President Obrador hits back at critics and speculators, defending his judicial reforms. USD/MXN pulls back from 18.99 peak but continues trading with a bullish tone. The Mexican Peso seesaws between tepid gains and losses on Thursday after bottoming out at an 18-month low due to politically-inspired market jitters.
Mexico’s congress is expected to convene on September 1, which would give López Obrador a one-month window to push through reforms before retiring. To the argument that there would not be a clear separation of powers in the case where judges were elected, AMLO countered, “On the contrary, there would be more separation, since the appointment of judges would not depend on a minority but the population at large.
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