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Tropical Storm Cosme weakening in the Pacific

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June 26, 2013 11:05 PM EST | AP

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MIAMI — Tropical Storm Cosme (KAHS'-may) continues to weaken in the cold waters of the Pacific Ocean well off the coast of Mexico.

The storm had top sustained winds of 50 mph (80 kph) late Wednesday. Forecasters say the storm will continue to weaken and should become a remnant low in a day or so.

The U.S. National Hurricane Center in Miami says Cosme is centered about 545 miles (877 kilometers) southwest of Cabo San Lucas, Mexico. It is moving west-northwest at 14 mph (23 kph).

The center says the storm is generating large swells that are affecting parts of Mexico's Pacific coast and its Southern Baja California Peninsula. The swells are likely to cause dangerous surf and rip current conditions.

No coastal watches or warnings are in effect, and the storm is moving away from land.