CANADIAN DOLLAR AND MEXICAN PESO FALL, EASE SLIGHTLY BUT REMAIN SIGNIFICANT
CANADIAN DOLLAR AND MEXICAN PESO FALL, EASE SLIGHTLY BUT REMAIN SIGNIFICANT
The Canadian dollar and Mexican peso fell sharply but eased slightly after initial trading in the Asia-Pacific region.
The Canadian dollar weakened by 1.2%, reaching C$1.469 per USD, marking its biggest fall since September 2022.
The Mexican peso dropped 2.1%, falling to 21.11 per USD, one of its largest declines in the past year.
Despite the significant drops, MUFG analyst Lee Hardman stated the moves were “relatively contained.”
