Trump's proposed tariffs on Mexico and Canada boost the US dollar, impact global currencies.

US President-elect Donald Trump's announcement of a 25% tariff on imports from Mexico and Canada led to a rise in the US dollar's value. The dollar increased over 2% against the Mexican peso and 1% against the Canadian dollar. Trump also threatened an additional 10% tariff on Chinese goods, causing the US dollar index to reach 107.37. European shares fell, with the euro and British pound declining by 0.6% and 0.4% respectively. Cryptocurrencies like bitcoin also saw a decline.

4 months ago
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