Puerto Vallarta and Mexico News

Puerto Vallarta and Mexico News

Peso Extends Losses Wednesday Morning After Approval of Judicial Reform in Mexico’s Chamber of Deputies

Puerto Vallarta, Mexico - The Mexican peso extended losses on Wednesday morning after the Chamber of Deputies approved, in general terms, a controversial judicial reform backed by President Andrés Manuel López Obrador. The reform, which includes a provision to elect judges, magistrates, and ministers of the Supreme Court by popular vote, has raised concerns among investors and market analysts.

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