# Companies bolster currency hedging strategies as Trump plans tariffs

> 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.

- Date: 2024-11-26 · published 2024-11-26T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27636-companies-bolster-currency-hedging-strategies-as-trump-plans-tariffs
- 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 volatility from tariff threats raises import costs and hedging expenses for Mexican and Canadian feed buyers and may affect trade flows.

## Read by commodity

- USDCAD: bullish ▲
- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/companies-bolster-currency-hedges-after-trump-win-tariffs-loom-2024-11-26/

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