Reported about 8 hours ago
President Trump's announcement of impending 25% tariffs on imports from Canada and Mexico has prompted a significant drop in their currencies against the US dollar. The Mexican peso fell by 1.1% and the Canadian dollar by 1.2%, contributing to a rise in the Bloomberg Dollar Spot Index. This news has heightened concerns about potential economic fallout and the prospect of a broader trade war, while investors brace for inflationary impacts and adjustments in U.S. monetary policy.
Source: YAHOO