Sheinbaum boasts stability of the peso against the dollar and increased investments

Mexican President Claudia Sheinbaum Pardo noted that there is confidence and economic stability in the country where investments are growing and the peso remains stable, This is despite all the pessimistic comments from the "commentators" and after the election of the Judiciary.

Showing charts on "What do the markets think about Mexico and her administration?", the President boasted that the peso opened Friday at 19.14 pesos per dollar, underperforming the 10-year rate as an indicator of economic expectations and risk.

READ: Mexico's exports to the US suffer their worst drop in four years

"The lower the price, the lower the perceived risk. The 10-year rate is declining. Go ahead. And third, the cost of insuring sovereign debt. International perceptions of the probability of default are also declining. In other words, confidence in our country. And, as we've said, between public and private investment, this year, even with all the international economic difficulties, there's a very good perception of what they call our country's markets," he mentioned.

Also, he showed statements from the Wall Street Journal in the business area, which speaks How Mexico is about to benefit from nearshoring, "the growing trend that is encouraging American companies to manufacture products closer to home."

"That puts a renewed focus on trade and increased investor attention on the rise of the Mexican peso. Go ahead. And the other note. This is the United States Secretary of Commerce. As you know, Marcelo, our Secretary of Economy, is there for a meeting. And this is his opinion. He calls for: "reimagining the relationship with Mexico to do business together."

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Regarding the World Bank, they are re-evaluating their methodology and recognizing that in Mexico, 11 million Mexicans escaped poverty during the term of former President López Obrador until 2022.

"That is, it is no longer 9.5 but 11 million. Said by the World Bank. Now that's something to lift your spirits. "Cheer up!" As Pancho Villa would say," Sheinbaum said.

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