Any progress is good progress. CAD and MXN climb on NAFTA statement

NAFTA ministers say talks will extend past year-end deadline Highlights of the combined statement from NAFTA ministers: – Have substantially completed discussions on competition chapter, made progress in several other groups The delay isn’t great, but it’s not crippling by any means. Overall, there is more good news here than I expected. That’s reflected in…

US dollar loses its luster

USD gives back the New York session gains It’s been a 30-40 pip roundtrip for the US dollar today. It climbed early with USD/JPY ticking to 112.46 from 112.15 but in the last few hours it’s sank back down and is back to where it was before North America arrived. Copyright 2015 Forexlive.com

ForexLive Asia FX news wrap: EUR/USD lost some ground

Forex news for Asia trading Tuesday 17 October 2017 EUR/USD traded below its overnight (Europe/UK/US) low to circa 1.1775 but didn’t follow through lower (as of posting). There was a little concern of North Korea, with the country’s deputy UN Ambassador warning on a nuclear war. Emphasis, though, on ‘little’ concern, as USD/JPY didn’t do…