💨 Abstract

On Tuesday, the U.S. dollar rebounded in Asian trade due to President Trump's suggestion of potential tariffs on Canada and Mexico, with details scarce. Trump's team is reportedly considering tariffs of approximately 25%, potentially to be announced on Feb. This announcement caused a knee-jerk fall in the Canadian dollar and Mexican peso, helping the dollar recover from losses incurred on Monday.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖