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Tag: nafta

OANDA Market Insights podcast (episode 34)

OANDA Senior Market Analyst Craig Erlam and Stephen Innes, Head of Trading Asia review the week’s business and market news with Jazz FM Business Breakfast presenter Jonny Hart. This week’s big stories: Bond yields spike, US jobless rate hits 49 year low, Italy launches ambitious budget plan, India the latest EM concern, Brexit and more. […]

Key differences between NAFTA and USMCA

The Trump administration’s new trade deal with Canada and Mexico leaves much of the old North American Free Trade Agreement intact. There are some key differences, however, particularly when it comes to the dairy and auto industries. The updated agreement, the subject of more than a year of intense negotiations between the countries, includes some […]

Italian spending plans and euro commitment weigh

USMCA boost short-lived US stock markets are expected to open around half a percent lower on Tuesday, reversing much of Monday’s gains as investors quickly move on from the positive trade developments in North America. Investors were clearly buoyed by the USMCA announcement at the start of the week, with the deal removing one of […]

USD/CAD hits 4-1/2 month low on reports of NAFTA deal

USD/CAD drops to lowest since May USD/CAD fell to its lowest level since May 23 following reports in the financial press that the US and Canada were “very close” to agreeing to a revised NAFTA ahead of an Oct 1 deadline. Later, the deal was largely confirmed as PM Trudeau said it was “a good […]

Good News for the Loonie? NAFTA deal close according to Bloomberg.

Bloomberg is reporting U.S. and Canadian negotiators are close to a deal on Nafta and there’s optimism it will be reached by the Sunday deadline — an outcome that would avoid an impasse that imperils $500 billion in annual trade, people familiar with the talks said. There’s renewed urgency to nail down a new North American […]

Euro tumbles on talk Italy to delay budget meeting

EUR/USD drops below 1.17 News that Italy may delay its 2019 budget discussion meeting sent shivers through the Euro, with EUR/USD falling as much as 0.43% to sub-1.17 levels for the first time in five days. The pair is now drifting lower after the initial drop, and is heading toward the 100-day moving average, which […]

USD/CAD Canadian Dollar Sensitive to NAFTA Headlines

The Canadian dollar fell after US Trade Representative Lightizer said that time is running out with Canada on NAFTA talks. The US has pressured Canada to join the US-Mexico trade agreement but various deadlines have come and gone with no results. The US wants to get this negotiation wrapped up as soon s possible to […]

US Dollar Recovers Ground Ahead of Fed Meeting

The US dollar bounced back on Friday, but could not offset the losses suffered during the week. The greenback was lower against most major pairs at the end of five days. Traders adjusted their positions before the weekend giving some breathing room to the USD. The U.S. Federal Reserve will host its two-day meeting on […]

Kiwi jumps on strongest growth in two years

Kiwi higher as Q2 growth beats forecasts New Zealand recorded its best quarter-on-quarter growth in Q2 as the economy expanded 1.0%, a faster pace than the 0.8% growth economists had expected. On an annual basis, growth was also higher than expected, rising 2.8% y/y, topping estimates of a 2.5% increase. New Zealand’s Statistics Agency reported […]

Canada: International transactions in securities, July 2018

Foreign investment in Canadian securities reached $12.7 billion in July, mainly from acquisitions of federal government bonds. At the same time, Canadian investment in foreign securities totalled $13.1 billion, led by record purchases of foreign bonds. Foreign investment in federal government bonds resumes Foreign investment in Canadian securities reached $12.7 billion in July, up from […]