The New Zealand interest rate is announced on Wednesday at 05:00 MT time.
American farmers might lose a lot if NAFTA deal fails
A catastrophic collapse of the North American Free Trade Agreement that Donald Trump has already threatened to terminate, could potentially create the most devastating disruption for American farmers, specializing in meats, grains as well as dairy products sold to Mexico and Canada.
A third-generation American, named Blake Erwin raising cattle, soybeans and corn in Nebraska, Dixon told that he isn’t closely watching the talks, although he really hopes the outcome will back American farmers, struggling to make a living because of low commodities prices, soaring healthcare costs, not to mention high property taxes.
American exporters and farmers are willing to preserve their exports when Canada is looking for buyers in new markets. Obviously, they also suffer from strained relations between the US and Mexico, which is a number one buyer of American pork, wheat, corn beef and also dairy products.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
The market sentiment remains risk-off amid rising virus cases around the world and fears over new restrictions and lockdowns.