Money Transfers To Mexico Grow Amid Trump Uncertainty

As President-elect Donald Trump prepares to take office, moves in and around Mexico are occurring fast and furious. As Ford Motor announces it is no longer building a new plant in Mexico, shifting the work to existing plant in the region, and a regional ETF is falling in value along with the peso, remittances into the nation from Mexican workers primarily in the US (Money Transfers) are dramatically increasing. While eyes are on the Trump administration’s potential limiting of such cash flow, a Goldman Sachs report expects “workers’ remittances to perform well going forward,” with 5% year-over-year growth anticipated. Largest…