The news is out there, as posted:
- Canada media says Nafta deal has been reached
- CAD official says Nafta framework involves offering more dairy access to US farmers
Further details will be forthcoming but next up we are looking for a US announcement from the White House. There should be more details on the 'framework' from Canada forthcoming soon also (here we go - Canada to offer access around 3.5% of domestic dairy market to the US)
So, Nafta lives. USD/CAD hit just under 1.2820, a 4 month high (for the CAD)
Daily chart:
more to come
