According to BlockBeats, on November 26, Trump announced a 25% tariff on all products entering the United States from Mexico and Canada.
Affected by this, the US dollar quickly strengthened, with the increase expanding to 0.4%. Non-US currencies fell across the board, with the Canadian dollar and Mexican peso falling the most, with the latter falling by more than 1.2%.
Spot gold and silver also fell due to pressure from the strong U.S. dollar, with silver falling below $30 per ounce.
