His Royal Tweetingness Donald Trump is up and tweeting
….The Wall will be paid for, directly or indirectly, or through longer term reimbursement, by Mexico, which has a ridiculous $71 billion dollar trade surplus with the U.S. The $20 billion dollar Wall is “peanuts” compared to what Mexico makes from the U.S. NAFTA is a bad joke!
— Donald J. Trump (@realDonaldTrump) January 18, 2018
The recent rhetoric from the Trump administration was that he/they were softening their stance on NAFTA. Take it as usual crazy talk or not but the dollar has softened slightly around the FX space.