# Mexican Peso, Loonie Rally on Auto Olive Branch in Nafta Talks - Bloomberg

> The Mexican peso and Canadian dollar rallied after the U.S. reportedly dropped a demand that vehicles made in Canada and Mexico for export to the U.S. contain at least 50 percent U.S. content in NAFTA talks. The peso led major currencies while the loonie led G-10 currencies against the dollar.

- Date: 2018-03-21 · published 2018-03-21T12:00:00.000Z
- Category: trade · region North America · magnitude low
- Page: https://feedsoft.ai/events/66217-mexican-peso-loonie-rally-on-auto-olive-branch-in-nafta-talks-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md)

## Why it matters

A softer US stance on auto rules lowers the risk of a NAFTA breakdown, supporting Mexican and Canadian currencies; for feed buyers this reduces tail risk to North American trade flows in corn, soymeal and DDGS.

## Read by commodity

- USDCAD: bearish ▼
- USDMXN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-03-21/mexican-peso-loonie-rally-on-auto-olive-branch-in-nafta-talks

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.