Good News for the Loonie? NAFTA deal close according to Bloomberg.
Bloomberg is reporting U.S. and Canadian negotiators are close to a deal on Nafta and there’s optimism it will be reached by the Sunday deadline — an outcome that would avoid an impasse that imperils $500 billion in annual trade, people familiar with the talks said. There’s renewed urgency to nail down a new North American Free Trade Agreement that could be published by Sunday so it can be signed by Mexican President Enrique Pena Nieto before he leaves office, the people said. The U.S. and Mexico reached their agreement in August, triggering talks between the U.S. and Canada, which are being held around the clock this weekend. ( Bloomberg) – We should start seeing Wave 1 & Wave 2 Fall of USDCAD.
North Korea says ‘no way’ will disarm unilaterally without trust
North Korea’s foreign minister told the United Nations on Saturday continued sanctions were deepening its mistrust in the United States and there was no way the country would give up its nuclear weapons unilaterally under such circumstances. Ri Yong Ho told the world body’s annual General Assembly that North Korea had taken “significant goodwill measures” in the past year, such as stopping nuclear and missiles tests, dismantling the nuclear test site, and pledging not to proliferate nuclear weapons and nuclear technology. “However, we do not see any corresponding response from the U.S.,” he said. “Without any trust in the U.S. there will be no confidence in our national security and under such circumstances there is no way we will unilaterally disarm ourselves first.” Read more @ https://www.reuters.com/article/us-un-assembly-northkorea/north-korea-says-continued-sanctions-deepen-its-mistrust-in-u-s-idUSKCN1M90JF
Fed ‘inching closer’ to time when interest-rate policy will be less predictable, Williams says
The Federal Reserve is on the cusp of making monetary policy decisions without holding the market’s hand, said New York Fed President John Williams, on Friday. Over the past few years, Fed policy has been “cautious and relatively predictable,” Williams said. But now, with the economy humming along and interest rates no longer so close to zero, “the case for strong forward guidance about future policy actions is becoming less compelling,” he said. The Fed’s predictable policy is one reason experts say stock-market volatility VIX, -2.34% is historically low. Read More @ https://www.marketwatch.com/story/fed-inching-closer-to-time-when-interest-rate-policy-will-be-less-predictable-williams-says-2018-09-28?siteid=rss&utm_source=dlvr.it&utm_medium=twitter
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