Mexico's economic minister Guajardo on Televisa
- there aren't conditions right now for NAFTA deal to be reached this week
- 80% chance of an agreement in principle for new NAFTA deal by first week of May
- if the US does not land an agreement by the first week of May that will compromise its voting ability.
- believes it is in the interest of the US to reach a deal as soon as possible
USDCAD ticks back up through 1.2790.
Update: Reports came out in Asia trading that cited sources and said there would be no announcement this week. Eamonn had them here.
USDCAD 1.2785 with USD sellers still prevailing across the board.
