The mexican peso is sliding fast this morning following the surprise resignation of finance minister Carlos Urzua.
Urzua tweeted his resignation letter: “I appreciate the opportunity to have been able to serve Mexico.”
Agradezco la oportunidad de haber podido servir a México. pic.twitter.com/aaa2cIa9uI
— Carlos Urzúa (@CarlosUrzuaSHCP) July 9, 2019
Urzua proclaimed that “administration decisions were made without sufficient backing” and added that “some government officials held conflicts of interest.”
And the immediate reaction is selling pesos on uncertainty…
Mexican stocks are also fading.
via ZeroHedge News https://ift.tt/2YISe0J Tyler Durden