Reported about 8 hours ago
The Canadian dollar and Mexican peso experienced a significant rebound after US President Donald Trump agreed to delay new tariffs on both nations for one month. This decision, made following discussions between US and Canadian leaders, alleviated concerns of an impending trade war and restored investor confidence, temporarily stabilizing the currencies. The Canadian dollar surged over 1%, while the peso rose by 1.5%, reversing earlier losses as both countries indicated a willingness to address US concerns around trade issues.
Source: YAHOO