CAD, MXN in Firing Line Amid Heightened Recession Risks -- Market Talk

Dow Jones04:48

2048 GMT - With the first shots of the 2025 trade war now exchanged, the world is watching closely to see how the U.S. will respond to retaliatory tariff announcements by Canada and Mexico. Also, how China will react to its new and unwelcome 10% tariff, says Tony Sycamore, market analyst at IG. Chinese authorities may allow the CNY to soften and announce new stimulus measures, he adds. Sycamore is expecting fireworks when the CAD and MXN open for trade on Monday, given both economies now face the unwelcome prospect of recession and will be expected to use their currencies as a cushion. (james.glynn@wsj.com; @JamesGlynnWSJ)

(END) Dow Jones Newswires

February 02, 2025 15:48 ET (20:48 GMT)

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