USDCAD and USDMXN give back part of the gains
Sorry for the late update but my PC blew up just as the news hit the wires, to hot probably (sigh)
So as the denial struck , both affected pairs came back off but only half way of where it started . USDCAD trades 1.2540 and USDMXN 19.31 after hitting highs of respectively 1.2583 and 19.4140 on the Reuters headlines. I hear a lot of screaming about fake news again …
THere’s a 6 months notice to be given when wanting to pull out of the Trade Area. Trump has been talking in the meantime and didn’t mention Nafta at all , but who knows with Potus
Hopefully you were all ok out there.
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Thank you for the updates. Usdcad…what a groundhog day.
Wasn’t it indeed, what it does tell us is that the market must have sold the 1.2470/90 zone yesterday and be running short when the mess was created , we’re still running at a high level this morning. 1.2592(100DMA) and 1.26375( 50% fibo of the move lower) are lvls to keep a close eye on for the day’s trading topside if this short covering sees more legs