Closing in on NAFTA Deal: USD/CAD to Lows
As the headlines suggest, it appears there is a deal close to being done on NAFTA.
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Last updated: Monday, October 1, 2018
As the headlines suggest, it appears there is a deal close to being done on NAFTA.
Obviously, trade has been in the news and I wasn’t expecting all that much to come so quickly. But it appears there is a deal that has been struck and we are awaiting official confirmation and a statement. So far it is just headlines.
Although the USD/CAD is falling suggesting there is upside in the CAD. In Asian trade the USD/CAD is down 0.5%, so look for some further developments here.
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ABOUT THE AUTHOR
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Rowan Crosby
Asia-Pacific Analyst
Rowan Crosby is a professional futures trader from Sydney, Australia. Rowan has extensive experience trading commodities, bonds and equity futures in the Asian, European and US markets. Rowan holds a Bachelor of Finance and Economics degree and is focused heavily on Investment Finance and Quantitative Analysis.
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