Affected by Trump's remarks that he would impose a 25% tariff on Mexican and Canadian goods, the US dollar strengthened rapidly in the Asian market
Internet reports that Trump said this morning that he would impose a 25% tariff on all products entering the United States from Mexico and Canada. Affected by this, the US dollar quickly strengthened, with its increase expanding to 0.4%. Non-US currencies fell across the board, with the Canadian dollar and the Mexican peso falling the most, with the latter falling more than 1.2%. Spot gold and silver were under pressure and the strong US dollar also fell, with silver falling below US$30 per ounce.
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