Down -$0.02 or -0.03% on the day. The price of crude oil fell -$0.02 or -0.03% at $67.75. The high for the day traded up to $68.08. The low reached $66.86.
More Trump on NAFTA One day we’ll get an answer. He also said Canada has taken advantage of the US for too long. rexLive
The USD is the strongest. The NZD is the weakest in the end of week snapshot Looking at the % changes of the major currencies vs each other, shows that the USD has eked out the JPY as the strongest currency of the week. The NZD is the weakest currency.
Another headline from Freeland It’s all getting a little bit repetitive. Tell us what we want to know. ForexLive
New Zealand dollar shorts were the best trade this week It hasn’t been a pretty picture for the New Zealand dollar over the past few months. In April, NZD/USD was trading at 74-cents but it’s lost nearly 12% since and is now at the worst levels since February 2016.
Weekly drilling rig data from Baker Hughes ForexLive
Trump on Japan If we do not make a deal with Japan, they know it will be a big deal. Yesterday, he made comments to the WSJ hinting that trouble was coming in their trading relationship.
Stocks fall Trump headline says: I guess he has his eyes on $467B in total (it is hard to keep track). The USDJPY has moved lower on the headline and is backing away from the resistance area defined in , against the 100 and 200 hour MA and 61.8% (and underside of trend line).
Trump stepping up the rhetoric Speak on Air Force 1, Trump is talking tariffs. The US comment period on $200 billion of proposed tariffs ended yesterday. That would basically cover all the imports from China that aren’t already covered.
Freeland leaving the USTR after today’s meeting Nothing new here. USD/CAD has edged back towards the best levels of the day but that’s on broad US dollar buying.