Mexico peso surges, lifted by Lopez Obrador comments | Rabobank

Mexico peso surges, lifted by Lopez Obrador comments

July 3, 2018

The Mexican peso surged in early July, boosted in part by newly elected Mexican president Andres Manuel Lopez Obrador’s announcement that he would not ramp up spending in the year ahead. Concerns about an increase in government spending could come back to hit the peso later this year when Lopez Obrador presents his first budget in December, Senior Market Strategist Christian Lawrence told Reuters.