The Mexican peso and euro rise,

Wallstreetcn
2025.02.26 17:36

The Mexican peso quickly rose against the US dollar, climbing from below 20.45 pesos to above 20.30 pesos, refreshing the daily high; the US dollar rose about 0.2% against the Canadian dollar, reported at 1.4342.

The euro almost completely recovered the earlier losses against the US dollar.

Electric vehicle concept stock Lucid fell 10.7%, Tesla fell 0.9%, Honda rose 1.5%, Ford rose 1.6%, General Motors rose 5.5%, and Chinese concept stock XPeng rose 15%.

US President Trump reiterated during his first cabinet meeting of his second term that tariffs on Canada and Mexico will take effect on April 2.

Trump claimed that the US does not need Canadian softwood (a material for US housing construction).

Trump stated that a 25% tariff on EU automobiles and other sectors will be announced with relevant details

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