Looks to re-brand NAFTA as USMC

Trump says he will re-brand NAFTA as USMC and has told donors he would "drop the 'C'" if Canada does not agree to his changes.

The USDCAD has not really reacted (yet).

The price trades at 1.2992. The low for the day reached 1.2973. The high reached 1.3024. The pair moved below the 100 day MA at 1.30374 and remains a key level to move above for the bulls.