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USDMXN Pops Following Banxico Governor Announcement, DXY Leads

MEXICO
  • USDMXN pops following the news from AMLO on Banxico governor, however, worth noting the boost comes in tandem with broad dollar strength and the dollar index taking out the highs of the day.
    • AMLO has now appointed three of the Banxico board members and so this may not come as a total surprise.
    • He said he would seek an experienced economist, one with a focus on social issues
    • For reference, Diaz de Leon's term finishes at the end of the year.

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