Posted on 07/04/2018 8:05:28 AM PDT by ATOMIC_PUNK
The Mexican peso fell against the U.S. dollar on Monday after voters in the second-largest Latin American economy overwhelmingly voted in favor of a far-left candidate as its new president.
The peso pulled back 0.6 percent versus the dollar, erasing slight gains seen on Sunday, to trade at 20.032.
Andres Manuel Lopez Obrador, better known by his initials AMLO, received more than 50 percent of the vote in an election held Sunday. His two closest rivals only got about 23 percent and 15 percent of the vote respectively.
His victory, however, could lead to tougher negotiations between Mexico, the U.S. and Canada on a new NAFTA deal at a time when trade relations between the three countries are rising.
(Excerpt) Read more at msn.com ...
It’s Mexico. The President is just a figure head. The Cartels rule the country.
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