Canadian dollar and Mexican peso slide as Donald Trump’s tariffs unnerve investors
The steep declines came after Trump on Saturday imposed 25 per cent tariffs on all imports from Mexico and Canada, with a lower 10 per cent levy for Canadian energy, and new 10 per cent tariffs on imports from China. He also last week threatened new levies against the EU.
The USD/MXN exchange rate will be on the spotlight this week as investors watched the happenings in the US and Mexico. The ...
The US Dollar Index (DXY), which measures the US Dollar’s value against six major currencies, rises for the fifth successive ...
The Mexican peso tumbled on Monday as investors worried that trade disputes would again whipsaw markets after U.S. President ...
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.
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The U.S. dollar advanced against major currencies on Friday, while the Canadian dollar weakened and the Mexican peso edged higher after the White House reiterated that President Donald Trump will ...
Discover the current state of Mexico's economy and the peso's resilience in a challenging trading session amid economic ...
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