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The peso fell as much as 2% and the Canadian dollar as much as 1.4% after Trump's tariff plans were announced. The peso had fallen about 2% since the election and nearly 17% year-to-date, and companies are increasing currency hedges.
Currency volatility from tariff threats raises import costs and hedging expenses for Mexican and Canadian feed buyers and may affect trade flows.
reuters.comLaura MatthewsNov 26, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
