Joaquin Monfort

Joaquin Monfort is a financial journalist who covers news related to currency trading and global markets. He has written extensively about the impact of political events on exchange rates and economic policies. Joaquin's articles often focus on the Mexican peso, given its sensitivity to political developments in Mexico, such as elections and government policy changes. His work is featured on FXStreet, a leading financial news website that provides real-time market analysis and trading insights.

Biography:  https://www.fxstreet.com/author/joaquin-monfort

76%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • Some of those, such as increased pension payouts and minimum wage hikes, could potentially lead to expensive social welfare spending.
  • With clear majorities expected in both legislative houses she will have the liberty to enact whatever ambitious spending plans she wishes.

Conflicts of Interest

100%

Examples:

  • Despite fears her majority will lead to fiscal profligacy
  • The Mexican Peso is weakening on Monday after the news of Dr. Claudia Sheinbaum’s victory in the Mexican presidential election.
  • We believe the fundamental backdrop remains positive for MXN.

Contradictions

50%

Examples:

  • Sheinbaum is expected to continue previous social policies, including minimum wage increase by circa 11%

Deceptions

40%

Examples:

  • Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
  • The high degree of leverage can work against you as well as for you.
  • You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Recent Articles

Mexican Peso Weakens Following Claudia Sheinbaum's Landslide Presidential Victory: Implications for the Economy

Mexican Peso Weakens Following Claudia Sheinbaum's Landslide Presidential Victory: Implications for the Economy

Broke On: Monday, 03 June 2024 Mexican President-elect Claudia Sheinbaum's landslide victory in the Mexican presidential election, along with her party's dominance in Congress, has caused volatility in Mexican assets such as the peso. Concerns over increased state control of the economy and potential fiscal implications have led to a weakening of the peso against major currencies. Sheinbaum's plans for ambitious spending programs aim to boost consumer spending but may put pressure on interest rates.