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Markets Sweat on Lopez Obrador's 'True Colors' on Eve of New Mexican Presidency

During Andres Manuel Lopez Obrador's successful campaign for the Mexican presidency, his advisers met representatives of dozens of investment funds to allay fears about the leftist's plans, saying he prized economic stability and wanted to attract foreign capital. Initially, it worked. When Lopez Obrador won office by a landslide on July 1, the peso and the stock market rose, buoyed by his conciliatory tone. The rally continued when Mexico and the United States reached a...

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