USD/MXN rises above 21.00 as Trump imposes tariffs on Mexican imports
USD/MXN appreciates over 2% following Trump’s 25% tariffs on Mexican imports, effecting on Tuesday. The US also set 25% tariffs on Canadian goods, while Chinese exports would face a 10% tariff. The US tariffs reinforce the dovish expectations of Banxico delivering a larger rate cut on Thursday. USD/MXN hits the week by extending its gains … Read more