India, Feb. 3 -- The U.S. dollar weakened against its major counterparts in the New York session on Monday, as risk sentiment improved after US President Donald Trump and Mexican President Claudia Sheinbaum agreed to suspend tariffs for one month.
Sheinbaum said Mexico will immediately reinforce its northern border with 10,000 members of its National Guard to prevent drug trafficking from Mexico to the United States, particularly fentanyl.
U.S. stocks rebounded following the news.
Over the weekend, Trump imposed tariffs on imports from Mexico, Canada and China.
A statement from the White House said Trump is taking "bold action to hold Mexico, Canada, and China accountable to their promises of halting illegal immigration and stopping poi...