IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL5.58— 0.00% USD/MXN18.62▲ 0.13% USD/CLP982.08▼ 0.22% USD/COP3,288▼ 0.60% USD/PEN3.41▼ 0.03% USD/ARS1,544▼ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,174▲ 3.14% USD/BOB11.63▲ 1.12% USD/DOP60.48▲ 0.05% USD/CRC446.01▲ 1.79% USD/GTQ7.64▲ 3.16% USD/HNL26.90▲ 0.20% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.49▲ 2.41% USD/TTD6.72▲ 2.22% EUR/BRL6.18▼ 0.78% BRENT 92.39 ▼ 0.40% WTI 86.19 ▼ 0.39% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.58% GOLD 3,985 ▼ 0.38% SILVER 51.57 ▼ 0.61% SOY 1,228 ▼ 0.10% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20% IBOV 172,060.43 ▲ 0.42% IPC MEX 72,419.39 ▲ 0.73% MERVAL 2,848,945 — — USD/BRL 5.58 ▼ 0.01% USD/MXN 18.62 ▲ 0.13% USD/CLP 982.08 ▼ 0.22% USD/COP 3,288 ▼ 0.60% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,544 ▼ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,174 ▲ 1.84% USD/BOB 11.63 ▲ 1.12% USD/DOP 60.48 ▲ 0.05% USD/CRC 446.01 ▲ 1.66% USD/GTQ 7.64 ▲ 3.16% USD/HNL 26.90 ▲ 0.20% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.49 ▲ 2.41% USD/TTD 6.72 ▲ 2.22% EUR/BRL 6.18 ▼ 0.78% BRENT 92.39 ▼ 0.40% WTI 86.19 ▼ 0.39% IRON ORE 161.91 — — COPPER 6.24 ▼ 0.58% GOLD 3,985 ▼ 0.38% SILVER 51.57 ▼ 0.61% SOY 1,228 ▼ 0.10% CORN 448.00 — 0.00% WHEAT 600.75 ▲ 0.21% COFFEE 265.45 ▼ 2.19% SUGAR 18.47 ▲ 2.10% ORANGE JUICE 146.60 ▼ 0.10% COTTON 82.35 ▲ 4.65% COCOA 5,061 ▲ 6.73% BEEF 218.98 ▼ 0.10% CATTLE 327.80 ▼ 0.77% LITHIUM 61.07 ▲ 1.82% PETR4 43.55 ▼ 3.11% VALE3 64.43 ▼ 0.57% ITUB4 41.72 ▲ 1.26% BBDC4 14.33 ▼ 1.44% ABEV3 15.85 ▲ 0.38% BBAS3 16.89 ▼ 1.23% B3SA3 14.80 ▲ 2.21% WEGE3 51.61 ▲ 1.30% PRIO3 61.47 ▲ 2.42% SUZB3 53.80 ▼ 1.21% RENT3 30.24 ▲ 1.51% AZZA3 15.37 ▲ 4.34% CSAN3 3.03 ▲ 13.06% RAIZ4 0.30 ▼ 98.60% PCAR3 2.54 ▼ 0.78% GMAT3 4.08 ▲ 7.09% PSSA3 45.98 ▼ 1.48% CVCB3 0.86 — 0.00% POSI3 3.32 ▲ 5.40% SLCE3 17.05 ▼ 0.23% NATU3 5.62 ▲ 1.26% BRKM5 2.92 — 0.00% RANI3 8.39 ▼ 0.71% CSNA3 4.52 ▲ 3.20%
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Thursday, November 12, 2026

After Weeks of Caution, Mexican President Set to Recognize Biden Win -Sources

By · · 3 min read

RIO DE JANEIRO, BRAZIL – Mexico’s president is expected to congratulate U.S. President-elect Joe Biden next week on his victory once it is certified, three officials told Reuters, after weeks of waiting that have upset allies of the incoming U.S. leader.

President Andres Manuel Lopez Obrador is among a handful of world leaders yet to recognize Biden’s election victory over Republican President Donald Trump, including Russia’s Vladimir Putin and Brazil’s Jair Bolsonaro.

Mexico’s president is expected to congratulate U.S. President-elect Joe Biden next week.
Mexico’s president is expected to congratulate U.S. President-elect Joe Biden next week.
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Lopez Obrador aims to send Biden his congratulations the day after the U.S. Electoral College on December 14th votes to certify the election, the government sources said.

The Electoral College vote has historically been a formality. This year it took on outsized importance after Trump and his lawyers sought to overturn Biden’s win with unsubstantiated claims of election fraud. Judges have dismissed those claims time and again due to lack of evidence.

Biden, a Democratic former vice president and long-time senator, will formally assume the presidency on January 20th.

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Roberto Velasco, a senior Mexican diplomat responsible for North America, went to Washington last week and held meetings aimed at making inroads with Biden Democrats, according to two other sources with knowledge of the visit.

Velasco did not hold formal meetings with Biden transition officials, one of the sources said. A Democratic congressional aide confirmed that he had met with Velasco.

Among major bilateral issues for Mexico as it seeks to engage the new Democratic administration will be immigration, trade and the environment, the source said.

Lopez Obrador’s office and the foreign ministry did not immediately respond to requests for comment about the plans or Velasco’s visit.

In a newspaper column referring to the visit published on Tuesday, Velasco wrote that he met with Senate and House of Representatives advisors on the foreign relations committees. He did not mention the transition or Biden.

Since taking office two years ago, Lopez Obrador has sought to build a constructive relationship with Trump, who angered many in Mexico during his 2015-16 presidential campaign by labeling Mexican migrants as rapists and drug runners.

As president, the Mexican leftist has gone out of his way to avoid confrontation with Trump, in marked contrast to his time in opposition, when he likened the American’s migration policies to Adolf Hitler’s treatment of Jews in Nazi Germany.

Trump last year threatened to slap tariffs on all Mexican exports if Lopez Obrador did not stem the flow of mostly Central American migrants headed to the U.S. border. In response, Mexico deployed tens of thousands of national guard troops to its northern and southern borders. Since then political tensions and migrant crossings have lessened.

Mexican officials say Lopez Obrador has held back from recognizing Biden’s victory amid Trump’s claims of fraud, to avoid provoking the departing U.S. president.

Friction has risen between the two countries in recent weeks following the October arrest and subsequent release of Mexico’s former defense minister Salvador Cienfuegos. In a retaliatory move that could be an early test for diplomacy under Biden, Lopez Obrador has sent a bill to Mexico’s Congress aimed at tightening up the rules of how foreign agents, such as those from the U.S. Drug Enforcement Administration, operate in Mexico.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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