# Mexican Peso tumbles amid heightened political uncertainty

> 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.

- Date: 2024-08-27 · published 2024-08-27T12:00:00.000Z
- Category: policy · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/29055-mexican-peso-tumbles-amid-heightened-political-uncertainty
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-plunges-over-1-amid-fears-of-judicial-reform-approval-202408271803

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.