💨 Abstract

On Tuesday, U.S. President Donald Trump suggested potential tariffs on Canada and Mexico, causing the dollar to recover some of its overnight losses. Trump mentioned tariffs around 25%, but offered no specific details. The market reacted quickly, especially in FX, with the Canadian dollar and Mexican peso falling. The dollar index edged up, having shed 1.2% the previous day due to Trump's initial lack of specific tariff plans.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖