August 28, 2024 17:54 GMT
Ruling Coalition Gains Two More Senators, Approaching 2/3 Majority
MEXICO
- Bloomberg is reporting comments from President-elect Claudia Sheinbaum who has said that two senators from the opposition Party of the Democratic Revolution, known as the PRD, have joined the ruling coalition.
- This would give the ruling coalition a total of 85 seats out of 128 in the Senate, very close to the 2/3 of seats needed to pass changes to the constitution.
- USDMXN has moved higher on the news, trimming today's losses, with the pair currently around 0.25% lower on the day around 19.71, having traded as much as 1.7% lower earlier in the session.
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