According to The Kobeissi Letter, Mexico's President announced that their official response to the US tariffs will be revealed on Thursday, April 3rd. This announcement may impact the trading strategies for USD/MXN as traders anticipate potential market volatility. Investors should closely monitor any developments for shifts in trade policies that could affect currency valuations.

According to The Kobeissi Letter, the United States has reported a staggering two-month goods trade deficit of $301 billion as companies rush to import goods ahead of anticipated tariffs. This unprecedented deficit, which is reportedly double the typical figures for similar periods, indicates significant market anxiety and could impact currency valuations and trade policies. Traders should monitor adjustments in tariff policies and potential impacts on import/export businesses.

According to The Kobeissi Letter, Canada's CPI inflation increased from 1.9% to 2.6% in February, recording a month-on-month rise of 1.1%, surpassing the anticipated 2.2% YoY and 0.6% MoM. This unexpected inflation spike is noteworthy for traders as it does not yet account for the impact of retaliatory tariffs, suggesting potential further increases. Monitoring inflation is critical for market participants concerned with currency valuations and interest rate shifts.