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.
There was a defensive rally in the dollar, and it was the commodity currencies -- the Australian and New Zealand dollars -- that were hit hard, as well as the Mexican peso and Canadian dollar. The ...
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The US Dollar Index (DXY), which measures the US Dollar’s value against six major currencies, rises for the fifth successive ...
The Mexican peso fell 1% against the dollar in a volatile session on Thursday after U.S. President Donald Trump reiterated ...
The US dollar is approaching parity with the euro and reaching a record high against the Canadian dollar and a three-year ...
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.
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
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