# Forex markets brace for Canada, Mexico swings as US tariff deadline looms

> Implied one-week Canadian dollar volatility over the weekend jumped to its highest since October 2022 ahead of the US tariff deadline. Mexican peso volatility is at its highest since the November US election, with the peso trading near 20.68 per dollar.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/26720-forex-markets-brace-for-canada-mexico-swings-as-us-tariff-deadline-looms
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

Currency swings in the Canadian dollar and peso shift the cost of feed and grain imports from these markets and can change export competitiveness for North American feed commodities.

## Read by commodity

- USDCAD: neutral
- USDMXN: neutral

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/forex-markets-brace-canada-mexico-swings-us-tariff-deadline-looms-2025-01-31/

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.