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)
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