New Jersey Democrat, Rep. Bill Pascrell’s comments that the USMCA agreement can’t pass Congress in its current version drove the peso and loonie lower in early trade in New York. Pascrell, who is expected to chair the House Ways and Means Trade subcommittee stated “If he wants a Democratic votes they need to be not only changes in the legislation but more enforcement.”
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.