Canadian Dollar and Mexican Peso Drop as U.S. Tariffs Bite

Reported about 9 hours ago

The Canadian dollar and Mexican peso hit one-month lows following the introduction of new tariffs by the U.S. on imports from both countries. Despite the economic strain, analysts suggest that the adverse impact on the currencies may be limited as expectations for possible negotiations remain. Concurrently, the U.S. dollar has weakened due to poor economic data, creating a mixed currency market landscape amid fears of a broader trade conflict.

Source: YAHOO

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