📉⚠️Mexican Peso Extends Losses to YTD Lows On Reform Risks: Cable FX Macro

• The chart below shows a summary of USD/MXN price action following the presidential election results

• USD/MXN failed to reject 18.0 to the upside and extended losses as the Mexican lower house said it is gearing up to discuss reforms in September

• Mexican stocks finished the week off lows but held to losses of 4.0%, TIIE swaps jumped starting the week before paring the upside

• Read more here