USD Strengthening

The USD reached the strongest it had been since January 2017.

The United States Dollar is up against its North American counterparts on Tuesday.  This drove the Canadian dollar to a 2.5 month low. The Mexican peso on the other hand to a 15 month low.

This has to do with recent NAFTA talks. Senator of Texas John Cornyn said that a change to NAFTA probably wouldn’t happen until 2019. Also, White house economic adviser Larry Kudlow said that President Trump is considering splitting up NAFTA into two different deals with Canada and Mexico.