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June 23, 2024
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Investors wary on Mexico following peso rout

Karl Schamotta, chief market strategist at Corpay said markets will be struggling to assess the influence of current President Andrés Manuel López Obrador’s reform agenda in the coming months, but expected Sheinbaum to let her team make more reasonable noises. “Their voices seem likely to grow louder as Mexico prepares to transition away from the cult of personality-driven politics of the AMLO years. The peso could grind higher as this process unfolds,” said Schamotta.” Financial Times: Investors wary on Mexico following peso rout