Kevin Buckland, Ankur Banerjee, Greta Rosen Fondahn
Tokyo/Singapore (Reuters) -The dollar rises on Monday, pushes the Canadian counterpart and Mexico pesos to the lowest value of multiple years, and the former Chinese President Donald Trump started trade war. The original was falling into a record trough in Oki trade.
The US dollar's profits are wide, the euro touches the low for more than two years, and Swiss francs are usually functioning as a safe shelter, but they have initially slipped into the weakest since May.
As Trump's promised last month, the United States has called for Canada and Mexico on weekends with a tax of 10 % of 10 % of duties and China with 10 % of taxes, and needs to reduce the trafficking of immigrants and drugs.
The tariff will be enabled at 12:01 am (0501 GMT) on Tuesday.
Canada and Mexico, the top two US trading partners, have prompted retaliation, and China will challenge the tax of Trump in World Trump.
“The surprise of the market is that Canada and Mexico will immediately retaliate, and other people, China and the EU, can cause sharply contraction in global trade,” IG Market Ana. List, Tony Chica More states.
“The start date of the US tariffs in Canada, Mexico and China on February 4 was much faster than many people expected.”
Some investors hope that customs duties will increase US inflation, promoting the view that interest rates can stay longer and lend dollars.
The market has reduced the expectation of interest rates from the federal preparation system due to the tariff news, and this year, the futures have been priced with a 54 % chance of reducing two times.
The US dollar has progressed from 0.34 % to 7.34 yuan in the offshore market, and was previously pushed to a record high of 7.3765 yuan. The Chinese market remains closed for the new year of the moon and resumes transactions on Wednesday.
Mexico's pesos dropped to a lowest of 21.2882 per dollar in nearly three years, dropping 2.3 % at 21.1540, but Canadian dollars dropped to 1.4792 at a level that was not seen since 2003. The Canadian dollar was the last 1 %. Weak at 1.4689 per dollar.
Australia's dollar is the first low in five years, and New Zealand dollars have fallen to the lowest since October 2022. Two anti -price currencies are often used as a Chinese -yuan liquid proxy. [AUD/]
“Investors will participate in Taeter Hook to see if today's telephone conversation between President Trump and Canada and Mexico can get results in 24 hours.” , Crystenner, a global head of ing, says.
