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Investing.com -- Following a volatile trading session on Thursday, the Mexican peso fell 1% against the U.S. dollar. This came after U.S. President Donald Trump renewed his threat to impose a 25% tariff on goods from Mexico and Canada, two of the United States’ major trading partners.
The peso ended the trading day 1% weaker, closing at 20.71 per dollar. Despite having strengthened by up to 0.5% during the session, it began the overnight session with little change and was recently seen trading at 20.70 per dollar.
In other currency news, the Canadian dollar hit a five-year low against the U.S. dollar on Thursday.
President Trump stated on Thursday that he would likely decide by the end of the day whether to exclude oil imports from Canada and Mexico from the tariffs he has promised to impose on Saturday on the countries’ products.
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