Wall Street Journal: Resilience of Mexican Peso, Canadian Dollar Point to Higher Prices for U.S. Consumers

Karl Schamotta, strategist at Corpay, a foreign-exchange and global payments company, warned that this unexpected stability in these notoriously volatile markets may not last. “The dynamic is unlikely to last if market signals fail to change the administration’s approach, Trump’s rhetorical stance hardens, and it becomes clear that the announced tariffs will remain in place for a prolonged period of time,” he said. Wall Street Journal: Resilience of Mexican Peso, Canadian Dollar Point to Higher Prices for U.S. Consumers