USD/CAD: Canadian Dollar Sensitive To NAFTA Headlines


The Canadian dollar fell after U.S. Trade Representative Robert Lightizer said that time is running out with Canada on NAFTA talks. The U.S. has pressured Canada to join the U.S.-Mexico trade agreement but various deadlines have come and gone with no results.

The U.S. wants to get this negotiation wrapped up as soon as possible to be able to present a trilateral deal to congress ahead of the mid-term elections.

USD/CAD for Sept/ 25, 2018.

USD/CAD for Sept/ 25, 2018.

Gaps remain between the two sides, with the most visible ones being access to the Canadian dairy market and the dispute-resolution mechanism.

A provincial election in the province of Quebec, where a large number of dairy farmers are located, complicates matter as Canada realistically could not make big concessions until after the election.

WTI for Sept. 25, 2018.

WTI for Sept. 25, 2018.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



Source link



Leave a Reply

error: Content is protected !!