By Kevin Buckland
Tokyo (Reuters) -The original China fell into a recorded record on offshore transactions on Monday, but Mexico's pesos and Canada dollars, President Donald Trump hit the country with tariffs and escalate in the trade war. After the fear, he fell to a multi -year trough.
The US dollar's profits are wide, the euro has declined to a low price of more than two years, and Swiss francs are usually functioning as a safe shelter, but they are the weakest since May.
Canada and Mexico have immediately promoted retaliation measures, and China said that China would try to collect Trump in a World Trade Organization.
Cryptocurency Bitcoin has returned $ 100,000 to nearly three weeks.
“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.”
As Trump promised last month, the United States attacked Canada and Mexico in a duties of 25 % and 10 % of the United States, which required measures to fight illegal immigrants and drug trading.
The customs duties, which are outlined by the three administrative orders, will be enabled at 12:01 am (0501 GMT) on Tuesday.
Trump's movement was the first strike that could be a destructive World Trade War, where the US inflation is “faster and larger” “faster and larger than we expected.”
The US dollar went from 0.7 % to 7.2552 yuan in the offshore market early in the morning in Asia, and used to be a record high of 7.3765 yuan.
US currencies rose to 2.3 % to 21.15 Mexico pesos, which have been 21.4 % since July 2022 and 1.4 % at a level that has not been seen since 2003.
The euro plunged from 2.3 % to $ 1.0125, the lowest level since November 2022, and then collected the calm to change his hand at $ 1.0259. Europe is also potentially on Trump's customs crossline.
Greenback is the best since May last year before trading in 0.9142 francs.
Stirling fell 0.8 % to $ 1.23.
The Japanese yen was more elastic and was traded flat at 155.25 per dollar.
Bitcoin was about 4.4 % lower for $ 97,622.
(Report by Kevin Buckland, edited by Jamie Fried)
