Mexico peso surges, lifted by Lopez Obrador comments

04 July, 2018, 02:35 | Author: Kathy Ellis
  • Lopez Obrador is leading in the polls

Andres Manuel Lopez Obrador is one of four candidates in the race to become the 58th president of Mexico.

Promising to combat corruption and drive down record crime rates, Mr Lopez Obrador captured 53 per cent of the vote, according to preliminary results - a historic victory for the party he created.

The election was a crushing defeat for the ruling centrist Institutional Revolutionary Party, or PRI, which governed Mexico from 1929-2000 continually and again from 2012.

It is a major shift in Mexican politics: the PRI and PAN have governed for almost a century, and Lopez Obrador will be the country's first leftist president in recent history. Top of the agenda will be free trade negotiations and reassessing the deal to build a new Mexico City airport.

Lopez Obrador said individual and property rights would be guaranteed, promised respect for the autonomy of the Bank of Mexico and said his government will maintain financial and fiscal discipline. Leftist candidate Andres Manuel Lopez Obrador - a known opponent to Trump policies - is now slated to be headed for the win. "He's our new president", Salvador Sanchez, an 82-year-old voter reportedly said. The effort, she said, would help reintegrate into society some of the estimated 600,000 Mexicans employed by drug cartels.

Haq said the U.N. chief "expresses the readiness of the United Nations to work with the new administration continuing a longstanding tradition of excellent cooperation between Mexico and the United Nations".

Lopez Obrador's supporters began wild celebrations in Mexico City, cruising up and down the central Paseo de la Reforma boulevard honking horns to the tune of "Viva Mexico!" and waving Mexican flags from vehicle windows and moon roofs.

Dayra Valdes is a Mexican-born migrant who calls Anchorage home.

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U.S. Senator Bernie Sanders and the leader of the British Labour Party Jeremy Corbyn were some of the high-profile progressives who congratulated Andres Manuel Lopez Obrador after his overwhelming victory on Mexico's presidential elections on Sunday.

Lopez Obrador, a former Mexico City mayor, was greeted with rapturous cheers by supporters in the capital's Zocalo central square around midnight, while friends celebrated in his tiny hometown of Tepetitan, in the poor southern state of Tabasco. "I am concerned that some candidates are making proposals that are impossible, because they're very expensive to carry out", said Juan Carlos Limas, 26, who lined up at another Mexico City precinct to vote for Ricardo Anaya, who is running second in polls for a right-left coalition.

The victor of Sunday's presidential election doesn't need an absolute majority of the votes, just the most votes among the four candidates.

Olga Sanchez Cordero, a retired Supreme Court judge who was expected to be named interior secretary if Lopez Obrador wins, recently told Reforma newspaper that the amnesty would be a "pacification strategy" that would shield some low-level criminals who grow, use and transport narcotics.

Reuters reported on the security plan, which Lopez Obrador sees as an alternative to Trump's border wall, last month.

And he paid tribute to the role in the campaign played by outgoing President Enrique Pena Nieto and the media, both of which have felt the bite of his scorn in the past.

"If they do, we're going to be living in a dictatorship", Felix said in the report.

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