English>

Market News

Dollar Soars as Trump Affirms March Tariffs for Canada, Mexico - BLOOMBERG

FEBRUARY 27, 2025

BY  Carter Johnson and Anya Andrianova

(Bloomberg) -- The US dollar rallied after President Donald Trump said 25% tariffs on neighboring US nations are on track to go into effect next week, sending Mexico’s peso and Canada’s loonie sliding.


The Bloomberg Dollar Spot Index jumped 0.5%, the largest jump in three weeks after Trump cited a March 4 implementation date in social media posts. The Canadian dollar slipped 0.6% to 1.4418 per dollar, while the peso fell 0.5% to 20.51 per dollar.

SEE HOW MUCH YOU GET IF YOU SELL

NGN
This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics