Market uncertainties surround Claudia Sheinbaum's fiscal policies and proposed minimum wage increase, creating doubts about Mexico's future fiscal stability and putting pressure on the Peso.
The Morena party's supermajority in Congress intensifies worries about unchecked power and fiscal policy, contributing to the Peso's instability.
Despite potential benefits from increased consumer spending and high interest rates, the Peso remains volatile and sensitive to political and policy uncertainties.
The Mexican Peso's movements reflect market concerns over economic conditions, policies, and reforms, with upcoming US Services PMI data potentially impacting the currency's performance.
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