India Budget 2025 Highlights Manufacturing Push but Falls Short of Market Expectations 
China Home Prices Rise in January as Government Signals Stronger Support for Property Market 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Philippines Manufacturing PMI Hits Nine-Month High Despite Weak Confidence Outlook 
Dollar Holds Firm as Markets Weigh Warsh-Led Fed and Yen Weakness Ahead of Japan Election 
Russia Stocks End Flat as MOEX Closes Unchanged Amid Mixed Global Signals 
U.S. Stock Futures Slip as Markets Brace for Big Tech Earnings and Key Data 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
Gold and Silver Prices Plunge as Trump Taps Kevin Warsh for Fed Chair 
Canada’s Trade Deficit Jumps in November as Exports Slide and Firms Diversify Away From U.S. 
U.S.–Venezuela Relations Show Signs of Thaw as Top Envoy Visits Caracas 
South Korea Exports Surge in January on AI Chip Demand, Marking Fastest Growth in 4.5 Years 
JPMorgan Lifts Gold Price Forecast to $6,300 by End-2026 on Strong Central Bank and Investor Demand 
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action 
Wall Street Slides as Warsh Fed Nomination, Hot Inflation, and Precious Metals Rout Shake Markets 
U.S. Government Faces Brief Shutdown as Congress Delays Funding Deal 
The Mexican peso and Canadian dollar weakened significantly on Sunday as concerns mounted over U.S. President Donald Trump's escalating tariff threats. The peso took a sharper hit, with the USD/MXN exchange rate climbing 1.1% to 20.4949 pesos per dollar. The Canadian dollar also softened, with USD/CAD rising 0.1% to 1.4381.
The U.S. dollar, meanwhile, strengthened by 0.2% against a basket of currencies, recovering from steep losses last week. However, fears of new trade barriers weighed heavily on North American currencies after Trump imposed a 25% tariff on all imports from Colombia. The move came as retaliation against Colombia for denying landing rights to two U.S. military planes carrying deported migrants.
Trump warned that tariffs on Colombia could rise to 50% by next week if the country fails to comply with U.S. demands, further straining bilateral relations. These developments heightened market fears that similar tariffs could be levied against Mexico and Canada, targeting issues like immigration and perceived unfair trade practices. Trump has previously threatened tariffs of up to 25% on both nations and floated the possibility of a 10% tariff on imports from China, which could be enacted as early as February.
The prospect of increased trade tensions underscores the risks to global markets, with the peso and Canadian dollar particularly vulnerable. Investors remain cautious amid uncertainty over Trump's next steps, fueling volatility in currency markets.
The escalating tariff measures and strained diplomatic ties could have broader economic implications, impacting trade dynamics across the Americas and beyond.
