NAFTA Negotiations Ongoing But Not Dead

Talks between the U.S., Canada and Mexico on revamping the North American Free Trade Agreement are continuing but it appears unlikely there’s enough time for the U.S. Congress to vote on a deal before the end of the year, analysts say.“I don’t think they’re going to get a text to Congress at all within the next weeks or even months,” said Laura Dawson, director of the Canada Institute at the Wilson Center in Washington.On Thursday, U.S. Trade Representative Robert Lighthizer said the three nations are “nowhere near close to a deal” and cited major differences on issues ranging from intellectual property to labor rules. He said negotiations would continue. Friday, White House National Economic Council Director Larry Kudlow told reporters “some areas have come together and some have not.” He added, “It’s not dead.”

Source: Here’s what is next for Nafta as U.S., Canada and Mexico fail to strike deal – MarketWatch

EUR/USD – Euro Edges Lower, German Markets Closed for Holiday

A Test of the Breakouts