The US currency also rose to its highest since July 30 against China's yuan and was trading at 7.26
to impose tariffs on products from Canada, Mexico and China sent their currencies lower against the dollar on Tuesday, renewing the specter of trade wars and fanning uncertainty in other currency pairs.
Trading was thin ahead of Thursday’s US Thanksgiving holiday, which spills into Friday, when many traders also take off.“Because we are in the week that we’re in, the statements have not, I don’t think, caused all of the damage that we are yet to see. But of course, the peso is vulnerable to falling into those multi-year lows against the US dollar,” said Juan Perez, director of trading at Monex USA, in Washington, DC.
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