Reported about 8 hours ago
The US dollar surged due to President Trump's imposition of tariffs, leading to significant declines in both the Canadian peso and Mexican peso, which hit multi-year lows. China's yuan also fell to a record low as investors reacted to the aggressive trade measures. Canadian and Mexican governments vowed retaliation, and China plans to contest the tariffs at the World Trade Organization. The broader market sentiment reflects concerns over potential stagflation as global trade tensions escalate.
Source: YAHOO