Mexico's Peso Leads Emerging FX Out of Post-Election Rout.

Emerging-market assets experienced a rebound after a recent selloff triggered by election results in major developing economies. Mexico's peso led the recovery, gaining 2.1% against the US dollar after a two-day slump. Investors are reassessing the potential impact of Claudia Sheinbaum's victory in the presidential elections, which gave the ruling Morena party a strong mandate for constitutional reforms. India's rupee strengthened as Prime Minister Narendra Modi secured crucial backing, while South Africa's rand performed poorly due to political uncertainty. In credit markets, Sri Lanka is in talks to restructure its debt, and African nations are returning to public debt markets. Serbia announced a $1.5 billion sustainable bond. [Extracted from the article]