The Peso and the Stock Market Have Been Impacted by the Judicial Reform in Mexico

Its Approval Is Imminent

Date:

AMLO Presenta reforma al sistema de pensiones

Autor: Funds Society, Mexico

The markets are uneasy, with the exchange rate remaining near 20 pesos per dollar, representing a 21% depreciation compared to the closing rate on the day before the June 2 election

A major consequence if the judicial reform is approved would be that credit rating agencies could downgrade Mexico next year

The controversial judicial reform proposes that all judges in the country, including those of the Supreme Court, be elected by popular vote in 2025 and 2027