# Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan | Reuters

> The US dollar surged more than 1% to a four-and-a-half-year high after President-elect Trump threatened new tariffs. The Canadian dollar, Mexican peso and Chinese yuan fell sharply, and these three currencies together make up more than 40% of the Fed's broad dollar basket.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region US · magnitude medium
- Page: https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Tariff threats against Canada, Mexico and China raise the risk of lower US farm export demand and weaker importer currencies, which pressures US soybean, corn and meal prices. A stronger dollar also makes US feed ingredients more expensive for foreign buyers.

## Read by commodity

- DXY: bullish ▲
- USDCAD: bullish ▲
- USDCNY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-26 | [Trump tariff vow hits Mexican and Canadian currencies, yen firm \| Reuters](https://feedsoft.ai/events/27632-trump-tariff-vow-hits-mexican-and-canadian-currencies-yen-firm-reuters.md) | -0.0% | +1.1% |
| DXY | 2024-11-26 | [Canadian dollar pares decline after Trump tariff pledge shock](https://feedsoft.ai/events/27651-canadian-dollar-pares-decline-after-trump-tariff-pledge-shock.md) | -0.0% | +1.1% |
| DXY | 2025-01-31 | [Canadian dollar tanks, gold soars as Donald Trump vows tariffs](https://feedsoft.ai/events/26755-canadian-dollar-tanks-gold-soars-as-donald-trump-vows-tariffs.md) | +0.1% | +0.1% |
| DXY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | -0.0% | +1.1% |
| DXY | 2024-11-26 | [Markets react to Trump's tariff promise](https://feedsoft.ai/events/27653-markets-react-to-trump-s-tariff-promise.md) | -0.0% | +1.1% |
| USDCNY | 2019-05-06 | [China stocks, yuan tumble on Trump's fresh tariff threats \| Reuters](https://feedsoft.ai/events/59287-china-stocks-yuan-tumble-on-trump-s-fresh-tariff-threats-reuters.md) | +1.3% | +2.5% |
| USDCNY | 2024-11-26 | [Dollar jumps, stocks retreat after Trump vows tariffs](https://feedsoft.ai/events/27637-dollar-jumps-stocks-retreat-after-trump-vows-tariffs.md) | +0.6% | +0.8% |
| USDCNY | 2019-05-06 | [Chinese yuan tumbles as Donald Trump threatens trade tariffs](https://feedsoft.ai/events/10428-chinese-yuan-tumbles-as-donald-trump-threatens-trade-tariffs.md) | +1.3% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/global-markets-view-usa-2024-11-26/

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