1407 GMT - The Canadian dollar and Mexican peso risk falling further against the U.S. dollar if U.S. President Trump follows through on his proposal for 25% tariffs on imports from those two countries, ING forex strategist Francesco Pesole says in a note. ING estimates that the risk of such hefty tariffs on Canadian goods is unlikely fully priced in, raising the prospect of further falls in the Canadian dollar. "We expect a USD/CAD rally north of the 1.45 area for now," he says. USD/CAD rises 0.9% to 1.4442, having earlier hit a multi-year peak of 1.4512, according to FactSet. USD/MXN rises 0.8% to 20.656. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 09:07 ET (14:07 GMT)
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