Global markets are bracing for potential impact as US President Donald Trump confirmed that 25% tariffs on Mexico and Canada may soon be implemented, with a final decision expected by March 3.

Market Reactions

• Currency markets could react strongly as the deadline narrows, impacting USD CAD and USD MXN.
• Heightened risk assessments may alter market dynamics.

Upcoming Economic Data Points

• A decline in the US Consumer Confidence Report could trigger a stronger reaction from the markets.
• The Richmond Fed indices are also set to provide essential insights.

With economic indicators mixed against trade tensions, markets face potential volatility.