USD/MXN could move lower next week if the Fed sticks to the dovish script and reiterates that now is not the time to start talking about withdrawing stimulus despite rising inflation.
Mexican President Andres Manuel Lopez Obrador said on Thursday he will be making adjustments in his administration following Sunday's elections in which his allies lost lower house seats.
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Mexican President Andres Manuel Lopez Obrador on Wednesday tapped his finance minister to take the helm at the central bank and nominated a longstanding adviser to assume charge of the finance ministry, promising to ramp up social spending.
Lopez Obrador said on Twitter that Finance Minister Arturo Herrera wouldtake over from Bank of Mexico chief Alejandro Diaz de Leon, whose term at the bank expires at the end of 2021.
To replace Herrera, Lopez Obrador chose economist Rogelio Ramirez de la O, which would make him the third finance minister the president has had since he took office at the end of 2018.