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Mexican Peso Adds to Losses as AMLO Pushes for Fast Judicial Reform

From bnnbloomberg.ca

The Mexican peso added to losses Tuesday as President Andres Manuel Lopez Obrador doubled down on the importance of a judicial reform that critics fear would erode checks on the country’s ruling party. The outgoing leader described the constitutional change as “urgent,” saying it could be approved before his term ends on Sept. 30. The currency weakened 1.2% against the US dollar as of 3:40 p.m. in New York, lagging all other emerging-market peers. “This is about having true rule of law, which is what the investors want, not the speculators. True businessmen want true rule of law,” AMLO, as the president is known, ... (full story)

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