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USDCAD a little better than Friday, no real news

By MoneyWay | Dec 9, 2019

The only news this morning along the lines of the USDCAD is that the House Democrats and the Trump administration have drawn close to a deal on replacing the North American Free Trade Agreement after months of deliberations, according to reports. There is a deal on provisions in the United States-Mexico-Canada Agreement after discussions about strengthening labor enforcement provisions, AFL-CIO President Richard Trumka told the Washington Post on Monday. Separately the Wall Street Journal Sunday night that House Democrats and U.S. Trade Representative Robert Lighthizer have come close to a deal on revamping the more than two-decade old economic pact among the U.S. and its two neighbors. Still, the sides have no trade agreement to announce yet, a senior Democratic aide said Monday morning. The Trump administration delivered proposed changes to House Speaker Nancy Pelosi’s office on Saturday, and House leaders are still studying it.

Currently             Close                     Range

USDCAD               1.3225                   1.3255                   1.3223-1.3265

EURCAD               1.4638                   1.4660                   1.4634-1.4687

GBPCAD               1.7400                   1.7418                   1.7384-1.7472

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