Market Wire: Currencies Surge Against US Dollar on Signs of Tariff Rollback

The Mexican peso, Canadian dollar, and euro are ripping higher after Mexican President Claudia Sheinbaum said she had spoken with Donald Trump this morning, and tariffs would be "paused for a month," pending "new border measures" that could help alleviate some of the US president's concerns. Trump is reportedly scheduled to speak with Canadian Prime Minister Justin Trudeau at 3:00 this afternoon, and markets are clearly bracing for a similar outcome.