See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Mexico peso drops, stocks tumble on Morena supermajority concerns

Posted on AllSides June 4th, 2024
From The Center
REUTERS/Jose Luis Gonzalez

Mexico's peso tumbled as much as 4.1% against the dollar on Monday and the local stock market fell over 2% after the ruling party scored a surprisingly strong election showing and looked poised for a super-majority that markets fear might bring constitutional change and diminish checks and balances.

Claudia Sheinbaum won a landslide victory in Sunday's presidential election, which was widely expected. But the scale of the gains for the ruling Morena party and its allies took markets by surprise, with some fearing this would pave the way for the group to pass constitutional...

Read full story

AllSides Picks

https://www.reuters.com/markets/currencies/mexico-peso-drops-nearly-3-sheinbaum-landslide-raises-reform-worry-2024-06-03/

More News about The Americas from the Left, Center and Right

From the Left

From the Center

From the Right