MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Wednesday said that people are “mistaken” if they think that an effort to reform the country’s judiciary will be reversed because of market nervousness.

“They are wrong, respectfully, if they are thinking that we are going to go back on reforming the judiciary, which is rotten, which is dominated by corruption, just because there is financial nervousness,” Lopez Obrador said during his regular press conference.

Mexican markets have been roiled since Lopez Obrador’s ruling Morena party performed better than expected in the June 2 general elections, breathing life into stalled efforts to pass a slate of constitutional reforms, including one which would replace an appointed Supreme Court with popularly elected judges.

Mexico’s peso currency, a regional high achiever in recent years, has tumbled over 10% since the election, weakening at least 1.3% in early trading on Wednesday.

In the lower house of Congress, Morena secured the super-majority required to pass constitutional reforms, while coming just shy of the super-majority in the Senate.

(Reporting by Raul Cortes Fernandez, Brendan O’Boyle, and Drazen Jorgic; Writing by Brendan O’Boyle; editing by Stephen Eisenhammer and Drazen Jorgic)