Market News
Trump tariff vow jolts Canada and Mexico - REUTERS
By Harry Robertson and Ankur Banerjee
LONDON/SINGAPORE, Nov 26 (Reuters) - The Canadian dollar and Mexican peso slumped on Tuesday after President-elect Donald Trump said he would impose tariffs on products from Canada, Mexico and China, sparking volatility as investors braced for trade spats.
In an initial knee-jerk reaction to Trump's comments, the dollar jumped more than 2% against the peso but was last up 0.95% after the moves moderated.
The dollar hit a 4-1/2-year high against its Canadian counterpart , rising more than 1.5%, and was last up 0.78% at C$1.4095. The U.S. currency also rose to its highest since July 30 against China's yuan , .
