The Mexican Presidential election is on July 1, 2018. The former Mayor of Mexico City, Andrés Manuel López Obrador, is the front runner. He is focused on income inequality and government corruption. All the candidates are uniformly anti-U.S. The U.S. will probably announce its withdrawal from NAFTA before the Mexican election or shortly thereafter. Canada has also made clear that it will not be bullied by the U.S over NAFTA. The Mexican peso is in the spotlight and is vulnerable.
Craig LeVeille – Executive Director, FX Products
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