NY foreign exchange market = US dollar rises, Canadian dollar falls, yen remains firm.

November 27, 2024, 6:31 AM GMT+9

In the late New York foreign exchange market, three currencies fell against the dollar following the announcement of President-elect Trump's tariff policies on Canada, Mexico, and China.
The yen remained strong against the dollar, with the USD/JPY at 153.33 yen, down 0.57%.
In afternoon trading, the dollar surged by over 2.5% against the Mexican peso, reaching its highest level since July 2022. By the end of the session, 1 dollar equaled 20.685 pesos.
Mexican President Sheinbaum expressed concern about Trump's plan to impose tariffs, stating that it would worsen inflation and cost jobs. More.
The dollar rose over 1.5% against the Canadian dollar, reaching a high not seen in 4 and a half years. It ended at 1.41 Canadian dollars, up 0.61%.
Sean Osborne, Chief FX Strategist at Scotiabank (Toronto), stated, "The Canadian dollar is actually relatively stable. The biggest decliner is still the Mexican peso, which has fallen about 2% against the US dollar."

The dollar rose to its highest level against the Chinese yuan since July 30th, reaching 1 dollar = 7.2631 yuan.
The euro remained stable in the morning but fell 0.33% to 1.0459 dollars by the end of the session.
Market attention is focused on the release of the Personal Consumption Expenditures (PCE) Price Index scheduled for the 27th.
The dollar index against major currencies reached 107.15. At the end of the 25th, it was 106.86.
The Australian dollar/US dollar fell 0.83% to 0.6448 US dollars. In the opening session, it sank to a 3-month low of 0.6434 US dollars. The Australian dollar is often traded as a highly liquid currency alternative to the yuan.
The toro's next US president announced on the 25th that he will impose a 25% tariff on all imports from Mexico and Canada on his first day in office, and an additional 10% tariff on imports from China.
Cryptocurrency bitcoin fell significantly to $91,738, below the record high of $99,830 set last week. It is believed to have been pressured by profit-taking sales ahead of the milestone of $100,000.