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The Mexican peso erased earlier gains after Trump said he would impose 25% tariffs on Canada and Mexico over fentanyl, pushing USD/MXN to 20.74. Trump also said he would likely decide on tariffs on oil from Canada and Mexico.
Proposed 25% tariffs on Mexico and Canada, plus possible oil tariffs, raise trade and energy cost risks for North American agriculture and feed flows.
fxstreet.comChristian Borjon ValenciaJan 30, 2025Not enough comparable past events yet for a historical read.
After 36 past bullish trade events, Crude Oil (WTI) moved a median +1.6% over 5 sessions (69% higher; middle half -2.0% to +4.5%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
