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Trump said he had been 'psyched to terminate NAFTA' but reconsidered after a day of conflicting signals on the trade pact. Financial markets reacted to the possible US pullout on Wednesday, and calm returned Thursday.
The Mexican peso gained 0.86% against the dollar, while the Canadian dollar was flat.
Uncertainty over NAFTA raises the risk of tariffs and disrupted trade in corn, soymeal and other feed flows between the three partners. A firmer peso lowers the peso cost of US feed imports for Mexico, which supports demand.
reuters.comJeff Mason, David LawderApr 28, 2017Not 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.
