By Ronnie Harui
The U.S. dollar strengthened against most Asian and G-10 currencies early Tuesday after U.S. President Trump said he was aiming to place 25% tariffs on imports from Canada and Mexico on Feb. 1.
The U.S. dollar climbed 0.8% against the Canadian dollar and 0.9% versus the Mexican peso after Trump's comments.
The dollar strengthened against Asian currencies after Trump hinted that there could be tariffs coming on China and elsewhere. He threatened at least a 100% tariff on BRICS nations, which includes China, Russia, Indonesia, and Iran.
The dollar rose 0.2% against the offshore Chinese yuan, 0.2% against the Singapore dollar, and 0.3% versus the Indonesian rupiah.
Write to Ronnie Harui at ronnie.harui@wsj.com
(END) Dow Jones Newswires
01-20-25 2053ET