As noted by analysts at Goldman Sachs, there are three major medium-term factors arising from the USMCA agreement that will see some movement in the FX space. Key highlights GS analysts predict that the USMCA agreement will be a moderate tailwind for the MXN thanks to trilateral trade factors that see Canada unlikely to be left out of the ratified agreement. USMCA could also see the CAD continue higher, with the writing of the USMCA coinciding with an already-expected rate hike by the BoC in the works. As US protectionism narrows in the North American theater, other global regions can expect an increase of pressure from the US to conform to their whims, and even rising US-China trade war tension could see long-dated selloffs back off the table before long. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Forex today: USD/JPY stole the show, bulls wrong footed despite US/Japanese spread, FX Street 4 years As noted by analysts at Goldman Sachs, there are three major medium-term factors arising from the USMCA agreement that will see some movement in the FX space. Key highlights GS analysts predict that the USMCA agreement will be a moderate tailwind for the MXN thanks to trilateral trade factors that see Canada unlikely to be left out of the ratified agreement. USMCA could also see the CAD continue higher, with the writing of the USMCA coinciding with an already-expected rate hike by the BoC in the works. As US protectionism narrows in the North American theater, other global regions can… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
