What effect have CAD and MXN experienced in recent markets?

The choice indicating that CAD (Canadian Dollar) and MXN (Mexican Peso) have experienced multi-year lows amidst economic uncertainty is particularly accurate in the context of recent market trends shaped by various global factors. Economic uncertainty, such as fluctuating oil prices, geopolitical tensions, and shifts in trade policies, tends to negatively impact currencies that are closely tied to commodities, like CAD, which is strongly linked to oil prices.

Mexico's economy, tied to the broader economic conditions of North America and specifics such as trade agreements and local economic policies, has also seen the peso weaken against the USD during volatility in markets. Thus, when considering the economic backdrop, including inflation concerns, potential interest rate changes, and shifts in investment sentiment, the currencies experiencing multi-year lows capture the essence of current trends. This reflects investor caution, leading to reduced confidence, and consequently, lowering demand for these currencies.

The other choices do not align with the present circumstances, as all-time highs are generally less likely in periods marked by economic turbulence. Stability against the USD suggests little volatility or change, which has not been the case. Reinforced strength following tariffs is also unlikely given that tariffs often introduce economic friction rather than support currency appreciation.