Commercial tariffs on steel and aluminum will come into force for up to 15 days, during which time the White House is inviting all negotiating parties. During the possible negotiations by the White House, they promise that issues affecting NAFTA will also be resolved. The news had a strong positive impact on CAD and weakened the US dollar. Trouble's negotiating capability also lowers economic instability - the JPY is down, the indexes are jumping.
Source: Bloomberg Pro Terminal
Jr Trader Petar Milanov
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