Mexico's Peso Sinks as Sheinbaum Embraces Judicial Reform.

Mexico's peso has fallen after President-elect Claudia Sheinbaum announced that a proposed reform of the country's judicial system would be one of the first topics discussed in congress. The reform would put judges elected by popular vote on the Supreme Court and other lower courts, potentially changing the balance of power in Mexico. Investors are concerned that this reform could erode checks on the ruling party. Sheinbaum also mentioned other reforms, such as a pension plan reform and a ban on reelection to public office, that would be addressed during the political transition. [Extracted from the article]