Remittances to Mexico hit record, but strong peso softens impact
By Kylie Madry MEXICO CITY (Reuters) - Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a m...
Source: wkzo.com
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Remittances to Mexico hit record, but strong peso softens impact
MEXICO CITY (Reuters) - Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar.
Source: marketscreener.com
Remittances to Mexico hit record, but strong peso softens impact
Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar. While Mexico records remittances in dollars, as most of the funds come from the United States, "a strong peso hurts remittances," said Goldman Sachs analyst Alberto Ramos.
Source: yahoo.com
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Remittances to Mexico hit record, but strong peso softens impact
Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar.
Source: reuters.com