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CROSS ASSET: MXN Surges, CAD Follows, as Sheinbaum says Tariffs Delayed

CROSS ASSET

Mexican President Sheinbaum says tariffs are paused for a month from now, having said Mexico had a "good" call with Trump, which led to some "accords". The supposed accords include the deployment of 10,000 national guard immediately to the border to stem drug trafficking. 

MXN rallies hard, alongside CAD on that headline - a delay of one month for the installation of tariffs which were set to kick in at 0001ET on Tuesday.

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Mexican President Sheinbaum says tariffs are paused for a month from now, having said Mexico had a "good" call with Trump, which led to some "accords". The supposed accords include the deployment of 10,000 national guard immediately to the border to stem drug trafficking. 

MXN rallies hard, alongside CAD on that headline - a delay of one month for the installation of tariffs which were set to kick in at 0001ET on Tuesday.

Keep reading...Show less