Remesas a México caen a nivel más bajo en tres años, afectando el peso según Bank of America

The peso Mexican has seen a 12% return this year, making it one of the top-performing emerging market currencies since the US-China trade war began. However, a combination of decreasing interest rates and a slowdown in remittances could affect the currency. Bank of America expects the peso to weaken in the short term and close the year at 4.5% below its current level. Remittances to Mexico have fallen to their lowest level in three years, which could impact the peso's performance.