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    CAD worst performing, threatened by Trump

    CAD is clearly the worst performing one today threatened by Trump. He tweeted:

    • “NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A. Massive relocation of companies & jobs,”
    • “Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.”

    A recap on top steel importers to the US in 2017

    • Canada (16%)
    • Brazil (13%)
    • South Korea (10%)
    • Mexico (9%)
    • Russia (9%)
    • Turkey (7%)
    • Japan (5%)
    • Taiwan (4%)
    • Germany (3%)
    • India (2%)

    USD/CAD now heading to 1.3065 fibonacci level.

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