Mexican Peso Jumps After Lopez Obrador’s Conversation With Trump

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Andres Manuel Lopez Obrador, a former rights activist and Mexico City mayor, has been elected president of Mexico.

More than 181,000 people registered to vote from overseas, three times as many in the last election under a new policy allowing sign-ups at local consulates rather than in Mexico. Lopez Obrador - popularly known as AMLO - published a book previous year that was sharply critical of Trump, fueling concern he might prove more combative with Mexico's largest trading partner.

Lopez Obrador is estimated to have won between 53 and 59 percent of the vote. In brief remarks at a hotel in central Mexico City, Lopez Obrador called for reconciliation after a polarizing campaign and promised profound change but with respect for the law and constitutional order. It edged lower Monday in the aftermath of Lopez Obrador's commanding victory at the polls. "If the US says something about Mexico, You'll get a much more in your face response than you ever would have gotten under Pena Nieto", she said, referring to Mexico's current president, Enrique Pena Nieto.

Later, Obrador's main opponent Anaya also recognized his defeat.

She said Lopez Obrador was also weighing decriminalising drug consumption and launching a truth-and-reconciliation process.

"I shall not let you down".

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Calderon congratulated Obrador on his victory and also wished him success.

Lopez Obrador's team will study labour costs as well as clamping down on corruption in Mexico's largest company.

Scheduled for 11 p.m., local time, in Mexico City, the nation's electoral regulator INE released a televised statement of its so-called rapid count, a key indicator of election results.

Trump has accused Mexico of sending criminals and rapists into the United States and is nearly universally disliked in Mexico.

"Their personalities kind of match that way, and it may be that Trump finds it easier to work with a person like AMLO than he did with Pena Nieto, because they're very similar characters". And when he takes office in December, AMLO-as the president-elect is known-will have to please those who voted for him.

The morning after his crushing election victory, Mexico's president-elect Andres Manuel Lopez Obrador thanked President Donald Trump for his congratulation message and said he'll contact the USA leader to "reach an understanding".

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Trudeau later spoke with Lopez Obrador on Monday, wherein they discussed their mutual trade interests and their "shared priority of updating the North American Free Trade Agreement for the betterment of their peoples", said a readout of the conversation issued Monday.

The next president is unlike most of his predecessors in many ways: Devoutly religious, he is a career activist instead of a lawyer, military officer or businessman, and the first president in a century to speak in a marked regional accent, from his native Tabasco state in Mexico's tropical lowlands.

According to the first official projection, Ricardo Anaya of the conservative National Action Party (PAN) won between 22.1 and 22.8 percent, Jose Antonio Meade of the ruling Institutional Revolutionary Party (PRI) between 15.7 and 16.3 percent, and independent candidate Jaime Rodriguez between 5.3 and 5.5 percent.

"We're in the midst of this tit-for-tat tariff war, and that could go either way", Miles said.

The results bring to an end what may have been Mexico's most violent election.

Lopez Obrador plans to eschew the presidential mansion tucked into Mexico City's verdant Chapultepec park, preferring to remain at his modest home on the capital's south side and working from offices in the colonial National Palace downtown. They said they are concerned about problems ranging from crime to corruption in their country. We have a border of more than 3,000 kilometres, more than 12 million Mexicans live in the United States.

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