On Tuesday, the Canadian dollar and the Mexican peso fell to their lowest level for the month following the onset of a trade war that became a reality after U.S. President Donald Trump implemented his threats... At the same time, experts note that markets react to Trump's actions, increasing instability in the global economy. "We have fresh memories of last year's trade wars, which caused serious losses for a number of countries," said financial analyst Michael Smith. During this time, investors began actively selling Canadian and Mexican currencies, switching to safer assets. "Nobody wants to be drawn into a trade war that could seriously undermine economic stability," Smith added. "We see a sharp decline in the Canadian dollar and peso, and in the near future, the situation is unlikely to improve," noted financial analyst Paul Garcia. "Investors will remain cautious and avoid risky operations in the market," he concluded.
