South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
Trump Signs Executive Order Threatening 25% Tariffs on Countries Trading With Iran 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy 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.
