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The Canadian dollar and Mexican peso fell after a Reuters report that Canada expects President Trump to pull the US out of Nafta. The peso was down about 0.85% at 19.40 per dollar.
The report drove the moves in both currencies.
A Nafta exit threat hits the peso, which raises the cost of US grain and feed imports for Mexico. It also shows the currency-linked risk to North American feed trade.
businessinsider.comJonathan GarberJan 10, 2018Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
