Mexico’s peso firmed sharply after exit polls showed leftist candidate Andres Manuel Lopez Obrador handily won Mexico’s presidential election on Sunday, as widely expected by financial markets.<\/p>\n
The peso\u00a0<\/span><mxn=>extended gains after Lopez Obrador’s rivals conceded defeat, strengthening around 1 percent against the U.S. dollar and leading gains among major currencies. One exit poll by Parametria showed Lopez Obrador ahead by 20 percentage points.<\/mxn=><\/p>\n Jose Antonio Meade, the candidate of the ruling centrist Institutional Revolutionary Party, or PRI, conceded the election to Lopez Obrador, a 64-year-old former Mexico City mayor, shortly after polls closed. Other rivals followed suit.<\/p>\n “The exchange rate appreciated after Meade declared himself a loser, which in some way gives the market peace of mind that there will be no confrontation between the different candidates,” said Gabriela Siller, an economist at Mexican bank BASE.<\/p>\n","protected":false},"excerpt":{"rendered":" Mexico’s peso firmed sharply after exit polls showed leftist candidate Andres Manuel Lopez Obrador handily won Mexico’s presidential election on Sunday, as widely expected by financial markets. The peso\u00a0<mxn=>extended gains after Lopez Obrador’s rivals conceded defeat, strengthening around 1 percent against the U.S. dollar and leading gains among major currencies. Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[9,10,1],"tags":[],"class_list":["post-830","post","type-post","status-publish","format-standard","hentry","category-homepage","category-latest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/comments?post=830"}],"version-history":[{"count":1,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/830\/revisions"}],"predecessor-version":[{"id":831,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/posts\/830\/revisions\/831"}],"wp:attachment":[{"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/media?parent=830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/categories?post=830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forexvarsity.com\/welcome\/wp-json\/wp\/v2\/tags?post=830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}