Trump's 25% tariff vow sends Canadian dollar, Mexican peso tumbling
President Donald Trump ’s renewed pledges to slap 25 per cent tariffs on imports from Canada and Mexico on Feb. 1 jolted foreign exchange markets late in the New York trading session, sending currencies from both countries plunging against the U.S. dollar.
Relatively high interest rates, close proximity to the U.S., and vast petroleum reserves are all factors that contribute to the liquidity of the Mexican peso.
The USD/MXN exchange rate has recently pulled back, ending the strong Mexican peso sell-off a few weeks ago. It retreated ...
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The Mexican Peso (MXN) remains subdued against the US Dollar (USD) during the North American session as investors wait for the United States (US) Federal Reserve (Fed) monetary policy decision.
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