CBC reports: US and Canada close to agreement on metals tarriffs

This was talked about on Wednesday

The CBC is reporting that US and Canada are close to an agreement on the metals tariffs. They add:

  • high level meetings on final details or happening now
  • says deal could be announced as early as Friday (assume today).
  • They are citing one unidentified source with knowledge of talks

The USDCAD has moved lower on the news. The pair ran above the topside swing area (from 1.3480-97) to a high of 1.35128, but the news has spoiled that break now. 

Look for sellers against the 1.3497 (call it 1.3500) now.

Articles You May Like

GBPUSD Extends Drop, Chinese Yuan in Freefall, Beware of Currency Intervention – US Market Open
Gold Price Outlook Fixated on Trade War Risk, FOMC Minutes
Forex Trading Course: Find Out What Really Works in Trading Forex
EURUSD Monthly Open Range in Focus Ahead of Germany GDP Report
GBPUSD trades above and below 1.28000

Leave a Reply

Your email address will not be published. Required fields are marked *