Trump Expects NAFTA Talks to Collapse

President Donald Trump on Tuesday said he doubts the United States can reach a deal to renegotiate the North American Free Trade Agreement.”Personally, I don’t think we can make a deal … I think we’ll end up probably terminating NAFTA at some point,” he said at a rally in Arizona of the efforts to tweak the three-nation deal with Mexico and Canada.”I personally don’t think you can make a deal without a termination but we’re going to see what happens, OK? You’re in good hands, I can tell you,” he added.Trump’s comments appeared to hit the Mexican peso.

Source: Trump: We’ll ‘probably’ end up terminating NAFTA

EUR Climbs Ahead of Draghi Jackson Hole Speech

Oil and Gold Feel The Cold

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.