The Canadian dollar was the big winner among the G10 currencies yesterday as Canada and the US managed to secure a deal on NAFTA. The euro continued to trade on the back foot on concerns over the Italian budget, while the pound spiked up following reports that the UK government is ready to compromise on the Irish border issue.
CAD Stays Strong After US and Canada Agree on NAFTA
The US dollar traded higher or unchanged against the other G10 currencies on Monday. It gained versus SEK, CHF and EUR, while it underperformed against CAD and AUD. The greenback traded virtually unchanged against GBP, JPY, NZD and NOK.
Although it gained overall against the US currency, the Australian dollar reacted very little to the RBA decision overnight. The Bank kept interest rates unchanged at +1.50% as was widely expected, while it made no...
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