The Mexican Peso (MXN) is trading firmer against the US Dollar (USD) on Monday, as traders digest the impact of a surprise tariff escalation by the United States. The USD/MXN pair is struggling to maintain any recovery momentum, with risk sentiment dented and the Greenback broadly offered.
The Pound is rallying at Monday’s London session opening times, favoured by an ailing US Dollar, which has reversed Friday’s gains following a new tariff threat by US President Trump and a fresh trade rift with China.Investors are selling the US Dollar on Monday, wary that a 50% tariff on Aluminu¡iu
Pound Sterling (GBP) is soft, trading down a modest 0.1% against the US Dollar (USD) and a mid-performer among the G10, Scotiabank's Chief FX Strategist Shaun Osborne notes.