Wednesday, September 12 – Asia Session Recap
During the Asia-Pacific session, CAD remained well supported following the latest NAFTA developments.
According to Reuters, Canada is ready to offer the US limited access to its dairy market to try and reach an agreement.
The reports have resulted in CAD strengthening across the board with AUDCAD breaking below 0.9300 and USDCAD below 1.3100.
Elsewhere, Brexit headlines continue to weigh on GBP. According to the BBC, around 50 Conservative MPs have met to discuss how and when to force PM May to stand down.
For additional research, we’ve posted news articles from around the web below.
- U.S., Canada Search for Way to Bridge Nafta Divide
- US, Canada still have work to do on NAFTA
- About 50 Conservative lawmakers discuss ousting UK PM May: BBC
- Downing Street is drawing up secret plans to dump Theresa May’s Chequers Brexit proposal if EU leaders reject it