# Trump tariff vow hits Mexican and Canadian currencies, yen firm | Reuters

> The dollar jumped more than 2.5% against the Mexican peso to its highest since July 2022 in New York trade, surpassing its November 6 peak. The move followed Trump's vow to impose tariffs, and the peso was last at 20.685 per dollar.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/27632-trump-tariff-vow-hits-mexican-and-canadian-currencies-yen-firm-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Tariff threats on Mexico and Canada weaken their currencies and raise the dollar cost of imports from those countries, which can hit feed and meal demand and shift export flows.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-11-26 | [Morning Bid: Trump tariff threat jolts Canadian dollar, peso, yuan \| Reuters](https://feedsoft.ai/events/27607-morning-bid-trump-tariff-threat-jolts-canadian-dollar-peso-yuan-reuters.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 | [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 | 2018-06-19 | [Talk of new tariffs extends flight to haven currencies, sparking yen and dollar rally - MarketWatch](https://feedsoft.ai/events/64807-talk-of-new-tariffs-extends-flight-to-haven-currencies-sparking-yen-and-dollar.md) | -0.2% | -0.3% |
| DXY | 2025-02-28 | [Bali trippers can thank Trump as rupiah hits 5-year low on tariffs, Prabowo plans - The Business Times](https://feedsoft.ai/events/26358-bali-trippers-can-thank-trump-as-rupiah-hits-5-year-low-on-tariffs-prabowo.md) | -1.5% | -1.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-gains-after-trump-vows-tariffs-against-mexico-canada-2024-11-26/

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