Canada's dollar is loving the suddenly hopeful Nafta tone coming from the U.S.
"It looks like we might get a really good deal on Nafta" said White House Trade Adviser Peter Navarro. The sunny outlook helped take USD/CAD all the way to 1.2815 earlier today. There are large 1.2850 option strikes expiring Wednesday. Once they're off the books, look for it to test this month's low of 1.2803 as trade optimism is increasingly priced in.
Source: Bloomberg Pro Terminal
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