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US: Bullish Hassett Lifts CAD and MXN Further Off Lows

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  • Markets responding positively to comments from the director of the White House's Economic Council Hassett, who notes in an interview with CNBC that Mexico is "serious" about Trump's executive order, but Canada appears to have "misunderstood" the language. Hassett adds that it remains up to Trump, who will "decide what he will call off or what he's not" - possibly hinting at space within which tariffs can be eased.
  • CAD and MXN move stronger on the headlines, working against the USD and favouring equity futures in the process.
  • Hassett also speaks very positively on Mexico and Canada ahead: "Trump is going to decide all of this ... there are positive conversations that have happened over the weekend, and conversations with Canada and Mexico that will happen over the coming hours... everyone's been very impressed by the seriousness of the Mexicans, who appear to have read the executive order. The Canadian leaders either didn't read it or tried to misrepresent it to the people" (Transcribed by MNI)
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  • Markets responding positively to comments from the director of the White House's Economic Council Hassett, who notes in an interview with CNBC that Mexico is "serious" about Trump's executive order, but Canada appears to have "misunderstood" the language. Hassett adds that it remains up to Trump, who will "decide what he will call off or what he's not" - possibly hinting at space within which tariffs can be eased.
  • CAD and MXN move stronger on the headlines, working against the USD and favouring equity futures in the process.
  • Hassett also speaks very positively on Mexico and Canada ahead: "Trump is going to decide all of this ... there are positive conversations that have happened over the weekend, and conversations with Canada and Mexico that will happen over the coming hours... everyone's been very impressed by the seriousness of the Mexicans, who appear to have read the executive order. The Canadian leaders either didn't read it or tried to misrepresent it to the people" (Transcribed by MNI)