The dollar strengthened rapidly in the Asian session due to Trump's remarks that he would impose a 25% tariff on Mexican and Canadian goods.
Trump announced this morning that a 25% tariff will be imposed on all products entering the United States from Mexico and Canada. As a result, the US dollar quickly strengthened, with an increase of 0.4%, while non-US currencies fell across the board. The Canadian dollar and the Mexican peso had the deepest declines, with the latter falling by more than 1.2%. Spot gold and silver were also under pressure from the strong US dollar, with silver falling below $30 per ounce.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
PumpBTC (PUMP): Transforming BTC Into a Multi-Chain Yield-Bearing Asset


Circle Submits IPO Filing to SEC for USDC Issuer
Kristin Smith Appointed Head of Solana Policy Research Institute

Trending news
MoreCrypto prices
More








