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.
The US Dollar Index (DXY), which measures the US Dollar’s value against six major currencies, rises for the fifth successive ...
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.
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