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The DHS will not be accepting new DACA applications and after 5 October there will be no further renewals. The underway initial and renewal requests will continue to be processed and will not be affected, and the current DACA benefits and work permits will be maintained until their expiration, which could be in up to 24 months
In December 2016 remittances to Mexico amounted to US2,336.4 million, 6.2% more than in December 2015. Total remittances for 2016 reached an all-time high of US$26.97 billion, 8.8% more than in 2015 and surpassing the previous (2007) record of US$26.06 billion
It seems that the strong appreciation of the dollar against the peso continues to act as an incentive for sending remittances to Mexico. Our estimates indicate that remittances will continue their pronounced upward trend at least for the remainder of the first quarter of this year
Remittances continue the upward trend of 2015, driven by the exchange rate and the growing employment trend in the U.S. In January, the dollar appreciated by 22.5% over the same month of the previous year, while the overall unemployment rate in the U.S. stood at a post-crisis low of 4.9%
The total inflow of remittances to Mexico grew by 4.8% in 2015 to US$24.77 billion. In December 2015 remittances fell by 2.1% compared with the same month of 2014, with a inflow of US$2.19 billion, bringing an end to a period of ten consecutive months of growth
Las remesas hacia México crecieron 6.3% en noviembre a tasa anual. Entre enero y noviembre de 2015 el flujo acumulado de remesas alcanzó 22,576.3 md con un crecimiento de 5.4% con respecto al mismo periodo de 2014. Estimamos que para el cierre de 2015, el flujo anual de remesas a México podría tener un crecimiento cercano a 3.9%.
Strength of the US economy, the positive employment trend among Mexican immigrants and the dollar’s surging appreciation have all underpinned this rise in remittances. The “second” estimate by the Bureau of Economic Analysis indicates that US GDP grew by 2.1% in 3Q15, which could have positive implications for developments as regards remittances over the rest of the year
The cumulative flow from January to September 2015 reached USD18,624.5mn, growing by 5.9% compared to the same period in 2014. The strong appreciation of the dollar appears to be behind the positive run for remittances, which has extended to 8 months in row with growth