US President-elect Trump has announced that as one of his first executive orders, he will impose a 25% tariff on all goods coming from Mexico and Canada into the US, and will also impose an “additional 10% tariff on China, on top of any existing tariffs.”

▶️ The USD/CAD pair rose 83 pips from 1.0480 to 1.0483 in 7 minutes.

▶️ The USD/CNY pair rose from 7.2500 to 7.2590 in 5 minutes.

▶️ The USD/MXN pair rose from around 20.32 to 20.60 in 4 minutes.

▶️ The US dollar then continued to appreciate against the major currencies.

▶️ The S&P 500 index fell from 6014 to 5990 in 10 minutes.

Via Macro Trader Terminal / ActivTrades