The Canadian dollar and Mexican peso are getting whacked following a Reuters report suggesting Canada is convinced President Donald Trump will pull the US out of the North American Free Trade Agreement.
ADVERTISEMENT
The Canadian dollar and Mexican peso are getting whacked after report says Canada is convinced Trump will pull the US out of NAFTA
Both currencies are down about 0.9% versus the US dollar.
ADVERTISEMENT
Recommended articles
The Canadian dollar trades down 0.91% at 1.2575 per dollar.
The Mexican peso is down 0.85% at 19.4034 per dollar.
Bank of America Merrill Lynch's Carlos Capistran and Ethan Harris say the decision to withdraw from NAFTA wouldn't solve Trump's issues with the deal, which include the US trade deficit with other countries and the loss of manufacturing jobs.
ADVERTISEMENT
"
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Top 10 Bitcoin casinos for US players: Comparing the best crypto casinos
10 best online slots USA: Top slots sites to play for real money (USA)
Fastest payout online casinos: Top 10 instant withdrawal casinos In 2024
10 wealthiest countries in Africa according to Henley&Partners
5 African countries with the highest Schengen visa rejection rates
Top 10 African countries with the strongest governments
Oluwatomi Solanke Shares Trove Finance's Journey of Pioneering Micro-Investment in Nigeria
Beyond diagnostics: The expanding role of medical laboratories in West Africa
![Graça Machel was born in 1945 [CGTN]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'300'%20height%3D'172'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "Graça Machel was born in 1945 [CGTN]")