Pensions and Pemex to figure in Lopez Obrador's Mexico plans
Pensions and Pemex to figure in Lopez Obrador's Mexico plans
Anti-Trump mood sways Mexican voters in U.S. in favour of Lopez Obrador
04 July, 2018, 02:35
Mexico's new president Andres Manuel Lopez Obradorsaid he would pursue friend and foe alike in a crackdown on corruption after voters handed him a powerful mandate for government with a landslide election victory on Sunday.
The peso was down 1.5% to 20.1568 versus the United States dollar at 9:30 a.m. ET after preliminary results from Mexico's electoral commission showed Lopez Obrador sweeping up more than half the vote.
Since 1929, the Mexican leader has been from one of two parties: the PAN or the PRI.
The leftist politicians joined a handful of world leaders, artists and politicians around the world congratulating Lopez Obrador and his party over their victory in the presidency and both legislative chambers. The party also scooped a range of important governorships in Mexico City, Morelos, Chiapas and Tabasco. Newspaper El Financiero's exit poll gave him 49 percent of the vote to 27 percent for Anaya and 18 percent for Meade. Lopez Obrador had been compared to Trump for his populist, nationalist rhetoric and sometimes touchy personality - as well as his past skepticism about the trade deal.
"When a wall is built to segregate people or when the word "foreigner" is used to insult, disparage and discriminate our fellow men, humanity, intelligence and history are being insulted", said the president-elect, who will take office in December, in a speech in Los Angeles past year explaining the need to "counteract" Trump's strategy. The effort, she said, would help reintegrate into society some of the estimated 600,000 Mexicans employed by drug cartels.
President Trump says he is looking forward to a good relationship with Mexico's new president-elect.
This is the first presidential election for Lopez Obrador's party, the National Regeneration Movement (MORENA), which has formed a coalition with the left-wing Labor Party and right-wing Social Encounter Party.
Dayra Valdes is a Mexican-born migrant who calls Anchorage home.
"The tendencies of the vote do not favor us, we are not the winners, that is Andres Manuel Lopez Obrador, who obtained the majority [of votes] in the presidential election", Meade said at a meeting with his supporters and wished good luck to Obrador.
The peso declined as much as 1.3 percent after results of the Sunday elections signaled his Morena party was set to enjoy broad support in Congress.
It is hard to see AMLO continuing his predecessors' security policies and anti-immigration efforts on Mexico's southern border. In both of Lopez Obrador's previous two presidential losses he alleged fraud.
Investors had been expecting a victory by Lopez Obrador, who had a longstanding lead in polls.
Mexico's President Enrique Pena Nieto addresses the media after casting his ballot at a polling station during the presidential election in Mexico City, Mexico July 1, 2018.
Donald Trump also congratulated Lopez Obrador on his electoral win, however, the USA president also said in an interview this weekend he intends to hold off on signing a new NAFTA deal until after America's fall midterm elections.
Pena Nieto said Sunday that the vote "should reaffirm us in our democratic vocation".
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