Investing.com- The Mexican Bizo is sharply weakened on Sunday, while the Canadian dollar reduced amid increasing concerns that US President Donald Trump will provide his introductory threats, after he imposed severe import tasks on Colombia.
The Mexican bizo was hit badly, with the pair- which measures the amount of bizo required to buy one dollar by 1.1 % to 20,4949 pizo.
The Canadian dollar also weakened, as the husband rose 0.1 % to 1.4381 Canadian dollars.
The company achieved about 0.2 % compared to a basket of currencies, although it was very nursing losses from last week.
Both currencies were exposed due to increasing concerns that Trump will achieve his threats to impose up to 25 % of customs duties for importing Mexico and Canada, after the president imposed a 25 % tariff on all imports from Colombia.
Trump imposed customs duties after Colombia refused to allow two American military planes to carry immigrants who were deported to land in the country, and to punish the Latin American country for refusing to comply with immigration policies.
Trump has warned that the customs tariff would increase to 50 % by next week, on more commitment, and relations between the two countries decreased.
The US President threatened similar definitions against Canada and Mexico due to immigration issues and what he deems unfair commercial practices. Trump has also put forward the possibility of a 10 % duty on China, which can be imposed on February 1.
