Loonie, Peso Jump As White House Caves On Key Nafta Demand

Given the market's violent reaction to headlines about Chinese tariffs that had already been announced last week ( and then it's recovery after Larry Kudlow essentially told traders to relax), it's hardly surprising that the Trump administration has chosen Wednesday to adopt a "sunnier" approach to Nafta negotiations after threatening to scrap the whole agreement over Mexico's refusal to stop migrants headed toward the US border.