Loading…
The peso tumbled after fears that Congress would approve judicial reform, which a commission of deputies has advanced for a vote after the new Congress takes office on September 1. President Lopez Obrador also said ties with the US Embassy were paused after the ambassador criticized the reform.
USD/MXN rose over 1.7% to 19.75.
Political risk and currency weakness raise the peso cost of imported feed ingredients for Mexican buyers. Rising US-Mexico tensions could also affect trade relations.
fxstreet.comChristian Borjon ValenciaAug 27, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
