How many times can it be announced.
Now a US trade official is out with exclusive headlines, saying:
- US/Mexico have reached a trade deal replacing after
- expects talks with Canada entrée to accelerate on Monday and wrap up by the end of the week
- Canada Foreign Minister Freeland expected to arrive for talks in Washington shortly
- deal would increase US and regional content in autos to 75% from current 62.5%
- US-Mexico deal would see 40 – 45% of auto content made by workers earning average base wage of $16 per hour
- Mexico agrees to lift "de-minimis" duty-free shipment values to $100 from $50 in NAFTA bilateral accord.
- US/Mexico NAFTA included 10 years of data protection for biological drugs
There is no details on whether there is a sunset clause in these headlines.
Canada says:
"Canada will only sign a new NAFTA that is good for Canada."
The USDCAD has moved below its 100 day MA at 1.29886 and below last week's lows and he lows from earlier in August (at 1.29614). The low reached 1.29588. That was right on a lower trend line on the hourly chart. For sell the rumor, buy the fact traders, that level will be eyed as potential support.
