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Mexico’s Remittances Fall 1.7% in October, Mark Seventh Decline
Mexico’s Remittances Fall 1.7% in October, Mark Seventh Decline
By Mariana Allende - Tue, 12/02/2025 - 17:32
Mexico’s October remittances slipped 1.7% YoY and marked a seventh month of contraction despite a modest monthly uptick.
https://mexicobusiness.news/tag/foreign-exchange
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Mexico Faces GDP Impact From US Immigration Changes, IMF Warns
Mexico Faces GDP Impact From US Immigration Changes, IMF Warns
By MBN Staff - Tue, 10/28/2025 - 10:03
Stricter US immigration policies may cut Mexico’s GDP by up to 0.9 pts in five years via lower remittances, IMF economists warn.
Peso Extends Losses, Hit by Dollar Strength and Fed Policy
Peso Extends Losses, Hit by Dollar Strength and Fed Policy
By MBN Staff - Fri, 09/19/2025 - 13:18
The peso fell for a second session Friday as a stronger dollar and Fed policy expectations weighed on the currency.
Bitso Launches B2B Crypto Services in Chile and Peru
Bitso Launches B2B Crypto Services in Chile and Peru
By MBN Staff - Fri, 08/29/2025 - 13:28
Bitso Business expands into Chile and Peru, launching two new products to support cross-border B2B crypto transactions in Latin America.
Mexico Remittances Drop 16.2% in June, Worst Since 2012
Mexico Remittances Drop 16.2% in June, Worst Since 2012
By Mariana Allende - Mon, 08/04/2025 - 12:10
Mexico saw US$5.2 billion in June remittances, down 16.2% YoY—the steepest drop since 2012—amid tougher US immigration and labor enforcement
Remittance Tax May Cut Mexican Spending by 25%: ANPEC
Remittance Tax May Cut Mexican Spending by 25%: ANPEC
By MBN Staff - Tue, 07/08/2025 - 10:42
ANPEC warns a US remittance tax could cut Mexican household spending by 25%, impacting small retailers and reliant states.
US Targets Three Mexican Banks for Alleged Cartel Laundering
US Targets Three Mexican Banks for Alleged Cartel Laundering
By Mariana Allende - Thu, 06/26/2025 - 11:44
This week in finance: US sanctioned Mexican banks for fentanyl-linked laundering, while Mexico’s economy rebounded 0.5% in April after March's dip.
Peso Rises as Markets Eye Fed, Banxico Amid US-Iran Tensions
Peso Rises as Markets Eye Fed, Banxico Amid US-Iran Tensions
By MBN Staff - Wed, 06/25/2025 - 07:02
The peso recovers against the dollar as markets await Fed and Banxico decisions, amid heightened tensions after Iran's response to a US strike.
Proposed US Tax May Cut Mexican Deposits, Raise Credit Defaults
Proposed US Tax May Cut Mexican Deposits, Raise Credit Defaults
By Mariana Allende - Fri, 06/13/2025 - 15:54
A proposed US 3.5% remittance tax may raise credit delinquency and cut retail banking deposits in Mexico, warns Banxico.
Peso Strengthens 2.3%, Hits Record Under Sheinbaum as USD Weakens
Peso Strengthens 2.3%, Hits Record Under Sheinbaum as USD Weakens
By MBN Staff - Mon, 05/26/2025 - 15:54
The peso hit its strongest level under Sheinbaum, rising 2.3% as US-China trade tensions weakened the US dollar.