Loonie, Peso Jump After Peter Navarro Says He Wants US, Canadian, Mexican Trade "Powerhouse"
Peter Navarro is again making headlines, and moving markets, when moments ago Trump's Trade advisor was quoted by Bloomberg as saying he wants the US, Canada and Mexico to form a trade "powerhouse", still supposedly one which is different from the current "NAFTA" trade arrangement. Since the comment, at least on the surface, appears less combative than some of his other recent statements, the market has taken it in stride and has sent both the Canadian Loonie and the Mexican Peso to session highs. It is unclear if the statement was provoked by the recently disclosed "civil war" taking palce at the White House between Navarro and Trump's ex-Goldman advisors who are seeking to push the "isolationist" as far from Trump's circle of influence as possible.
March 15, 2017 at 11:13AM
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