SPOTLIGHT
of the U.S. Federal Reserve cutting interest rates by an unusually high 0.50%. Mexico passed the first part of its reform to the judiciary shortly after, about which both the USA and Canada have publicly asked questions - and which could cause difficulties in the 2026 renegotiation of the NAFTA re-agreement. With around 75% of Mexico's bean imports coming from the USA, cross- border imports quickly became more expensive for Mexican importers. 5 • USA elections The first Trump-Harris debate caused a real-time drop in the dollar against the peso. With the two U.S. presidential candidates expected to have different styles and relationships with Mexico, farmers and traders on both sides of the border will be watching election night carefully.
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