The Federal Reserve will make its monetary policy statement and announce the official rate on December 19, at 21:00 MT time.
Mexico warns America against upcoming protectionist war
On Thursday, Mexican officials warned that recent US proposals in ongoing NAFTA talks would provoke protectionism as well as higher prices rather than free trade because worries about the future of the deal helped to drag the Mexican peso to four-month minimums.
The United States, Canada and Mexico are due to start a fourth round of negotiations next week in Washington to discuss the North American Free Trade Agreement or NAFTA for short.
As senators from President Enrique Pena Nieto's Institutional Revolutionary Party told, they wouldn’t appreciate any deal, with proposals such as setting a national quota for US-made car parts as well as increasing controls over the trade in fresh products.
Senator Marcela Guerra stressed that his country is deeply concerned over what America has recently added in the free-trade talks.
On the contrary, Donald Trump told that NAFTA has hollowed out American manufacturing, thus sending jobs to Mexico and driving an American goods trade deficit of more than $60 billion with Mexico.
Find out the main market movers for today and the reasons behind the risk-off sentiment!
November’s euro zone consumer price inflation was suddenly updated downwards on Monday, thus contributing to skepticism that the EU’s key financial institution won’t be able to move ahead with an interest rate lift next year…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…