Author: Dennis Li
Market sentiment improved with a preliminary bilateral trade deal between the US and Mexico. Talks also covered outstanding concerns on autos and labour rules. This deal is looking to replace the North American Free Trade Agreement (NAFTA), only requiring ratification from respective legislative bodies. Canada Risks being left out if they don’t come to the party. US equities and the risk-on sentiment dominated the markets and supported the AUD, edging up near 0.7350 against the USD overnight.
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