Trump's tariff threat on Canada, Mexico sparks US dollar rebound in Asian markets.
President Trump's suggestion of imposing 25% tariffs on Canada and Mexico by February 1st led to a rebound in the US dollar's value in Asian markets. The Canadian dollar and Mexican peso fell sharply, with the US dollar rising 1.2% against the Canadian dollar and 1.3% against the peso. The dollar index climbed 0.6% to 108.65, recovering from Monday's 1.2% drop. Markets are now watching for further developments on trade policy and the Bank of Japan's policy meeting.
2 months ago
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