President-elect Donald Trump's plan to impose sweeping tariffs on Mexico sank the country's peso currency, but also translated into modest weakness for other currencies in the region on Tuesday. The dollar soared 2.

The Mexican peso depreciated sharply against the dollar after Donald Trump pledged to impose a 25% tariff on all Mexican and Canadian exports to the U.S.

A look at the day ahead in U.S. and global markets from Mike DolanAny speculation that U.S. President-elect Donald Trump would adopt a 'softly, softly' approach to his trade and economic policies was jolted overnight as he warned of immediate tariff hikes on Canada,