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President-Elect Sheinbaum Aims To Build A Better Judiciary

MEXICO
  • The Mexican peso is seeing some modest support as President-elect Sheinbaum has delivered a conference via her social media channels on Tuesday afternoon. Sheinbaum has said that she proposes to survey Mexicans on their opinion about judicial reform, which she says aims to build a better judiciary. She says that investors shouldn’t be worried about Mexico and that the economy is very solid.
  • USDMXN has fallen 0.5% in recent trade, but the pair remains over 1% higher on the day at around 18.44. The rally in USDMXN this week has cancelled a recent bearish theme, and sights are now on 18.7976, the Mar 24 ‘23 high. Support to watch lies at 17.4529, the 20-day EMA.
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  • The Mexican peso is seeing some modest support as President-elect Sheinbaum has delivered a conference via her social media channels on Tuesday afternoon. Sheinbaum has said that she proposes to survey Mexicans on their opinion about judicial reform, which she says aims to build a better judiciary. She says that investors shouldn’t be worried about Mexico and that the economy is very solid.
  • USDMXN has fallen 0.5% in recent trade, but the pair remains over 1% higher on the day at around 18.44. The rally in USDMXN this week has cancelled a recent bearish theme, and sights are now on 18.7976, the Mar 24 ‘23 high. Support to watch lies at 17.4529, the 20-day EMA.