0837 GMT - The Canadian dollar and Mexican peso could weaken if the market takes President Trump's tariff threats more seriously, ING analyst Francesco Pesole says in a note. Trump on Monday said he would press ahead with tariffs on Canada and Mexico next month following an initial one-month delay. The tariffs probably won't materialise and markets are also pricing in a modest risk of that happening, Pesole says. However, USD/CAD and USD/MXN still face potential near-term gains if the market starts to price in more risks this week, he says. USD/CAD trades flat at 1.4260 after hitting a one-and-a-half-week high of 1.4282 Monday, according to FactSet. USD/MXN falls 0.2% to 20.4449 after reaching a one-week high of 20.5257 Monday.(renae.dyer@wsj.com)
(END) Dow Jones Newswires
February 25, 2025 03:37 ET (08:37 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.