Canada's Trudeau: Mexican President said Mexico intends to move ahead with ratification of USMCA

Canadian Prime Minister Justin Trudeau crossed the wires in the last minutes saying that Mexican President had intended to move ahead with the ratification of the USMCA trade pact. When asked about the implication od Trump administration's decision to tariff Mexican imports, Trudeau noted that Canada will move ahead in a responsible way on ratification.

USD/MXN drops toward 19.50 as Mexican peso recovers

The USD/MXN extended the correction during the American session and printed a fresh 2-day low at 19.52. The pair is sharply lower compared to yesterda
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BoA Merrill Lynch sees Fed cutting interest rates by 75 bps by early 2020, starting in September

According to Reuters, Bank of America Merrill Lynch in a recently published analysis said that it now expects the Fed to start cutting interest rates
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