According to a report by Jin Shi Data, Lee Hardman, a strategist at Mitsubishi UFJ Bank, stated that if U.S. President Trump threatens to withdraw from the USMCA (United States-Mexico-Canada Agreement), the Canadian dollar and the Mexican peso may weaken. Hardman pointed out that based on Trump's past negotiation strategies, "it is not surprising to see him use the threat of withdrawal as leverage to secure more favorable terms." Although this will be a risk faced by the Canadian dollar and the Mexican peso in the coming months, market skepticism about whether it will actually materialize will limit the depreciation of the exchange rate.