Mexican peso weakens as next president vows to forge ahead with 20 reforms

Claudia Sheinbaum News

Mexican peso weakens as next president vows to forge ahead with 20 reforms
ElectionsAndres Manuel Lopez ObradorBusiness
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The Mexican peso has continued to weaken as Mexico's outgoing president _ and his successor _vowed to forge ahead with some 20 constitutional changes that have rattled investors.

The property tax increase approved by Duval voters in 2022 has raised $113M for DCPS. Here’s where it wentLike firefighters, Jacksonville police could soon be in line for a big raise, return to a pension plan for new hiresMexico's future President Claudia Sheinbaum speaks during a press conference in Mexico City, Tuesday, June 11, 2024.

López Obrador himself went even further Tuesday, claiming the market jitters were being stirred up by a dark conspiracy among Mexico's elite, rather than legitimate investor concerns. He and Sheinbaum have offered to hold informational meetings and discussions to"explain" the reforms, but without offer the possibility that would change any of them. And many of those they want to attend the meetings — universities and professional organizations — haven't even heard of the proposed forums yet.

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