US commerce secretary Wilbur Ross speaks in Davos - 24 January 2018

  • Adhering to global trade rules isn't protectionist
  • US is often unfairly accused of protectionism
  • It's odd people complain tax reduction is unfair on trade
  • French and German ministers noticed US moves on taxes
  • NAFTA trade talks are reopening

Taking a swipe at China right there it seems. Anyway, the last line on NAFTA seems to have given the loonie a bit of a push as more optimism surrounding NAFTA talks continue from yesterday.

USD/CAD falls to session lows of 1.2389.