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Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms

(Bloomberg) Mexico’s peso sank after the leader of the ruling party in the lower house said lawmakers would seek to pass a swath of reforms proposed by President Andres Manuel Lopez Obrador that could remove checks on the government’s power. Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled by Wall Street LoansVietnam Tycoon Sentenced to Death Faces New Charges: MediaBillionaire-Friendly Modi Humbled by Indians

Traders Stunned by Election Surprises From Mexico to India

(Bloomberg) Early Monday morning, one of the world’s most profitable currency trades unraveled, done in by a twist in Mexican elections few saw coming. Twenty hours later, investors in India started frantically dumping stocks, triggering a one-day, $386 billion wipeout, when they realized they had badly miscalculated the scope of Narendra Modi’s election victory.Most Read from BloombergBehind ‘Suicide Squad,’ the Year’s Biggest Video-Game FlopReal Estate Investors Are Wiped Out in Bets Fueled

Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms

Mexican Peso Tumbles as Ruling Party Vows to Pass Reforms

Oil Driller's 1,400% World-Beating Rally Hinges On Milei Reforms