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Investors sold the Mexican peso and moved into haven assets on May 31 after President Trump threatened tariffs on Mexico. The peso was down about 2.5% against the dollar after hitting its weakest level of the year earlier in the session.
The yen rose 1.3% against the dollar, while gold and the Swiss franc also gained.
Risk-off flows tied to the Mexico tariff threat point to pressure on Mexican trade and demand for U.S. exports. Weaker emerging-market currencies can also dampen import demand from Mexico.
wsj.comIra IosebashviliMay 31, 2019Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% 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.
