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Canadian PM Trudeau says Canada needs `the right deal' on NAFTA, possible of a deal by Friday

There are some positive news flows coming through on Wednesday which are lifting spirits. Wall Street benchmarks are making fresh record highs and yen flows are negative.

The positive sentiment is centred around Trade.

  • Canada’s Freeland: US, Canada agree to meet at 5pm ET today to review;
  • Says it was a good conversation with Lighthizer;
  • US, Canada won't negotiate details publicly;
  • She's encouraged by good conversations with the US.
  • Canadian PM Trudeau: says Canada needs `the right deal' on NAFTA;
  • Says Canada will defend dairy supply management;
  • Will not negotiate in public but will defend supply management of dairy. 
  • Possible of a NAFTA deal by Friday. 
     

USD/CAD Technical Analysis: Testing 1.2960 - Still room to the downside

USD/CAD 15-minute chart Spot rate:                   1.2856 Relative change:        -0.06%  High:                          1.2964 Low:          
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United States 7-Year Note Auction dipped from previous 2.93% to 2.844%

United States 7-Year Note Auction dipped from previous 2.93% to 2.844%
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