The Mexican peso fell against the US dollar

The Mexican peso fell against the US dollar

The Mexican peso was down about 3% against the US dollar Monday morning.

It comes after the projected landslide victory of Claudia Sheinbaum, which has raised concerns that Morena’s ruling party will be able to pass more ambitious constitutional reforms, many of which have been sought by President Andrés Manuel López Obrador.

“Sheinbaum is considered more of a technocrat than AMLO, and he also has a background in climate science. Both offer potential changes in Mexican policy,” Bespoke Investment Group researchers wrote in a note Monday.

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