Dollar Posts Best Week Since November as Trump Unleashes Tariffs
- Greenback gains nearly 1% for week; Mexican peso, loonie slump
- Trump plans to impose 25% tariffs on Mexico and Canada
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The dollar rallied to cap off its best week since mid-November on President Donald Trump’s vow to unleash a first wave of tariffs on US trading partners on Saturday.
The Bloomberg Dollar Spot Index rode a five-day rally to a weekly gain of nearly 1%, while the Mexican peso and the Canadian dollar each slumped. Trump on Friday reiterated his plan to slap a 25% tariff on products from the US neighbors.