Fecha Publicación: 30-06-2022

Mexico’s president is obsessed with the peso-dollar exchange rate. Looking back at Mexican history, Andrés Manuel López Obrador is certain that a president who oversees a devaluation in the currency will soon see a different kind of devaluation—that of his own popularity. And he may be right.

But how to avoid such a devaluation is a more difficult question. So far, a key factor keeping the peso, and AMLO, afloat hasn’t been the Mexican president’s much-touted austerity—but rather the U.S. government and economy. That support may dissipate in the months ahead, leaving AMLO’s future unclear.

Sigue leyendo aquí