GLOBAL MACRO: Trump Considering Withdrawing Entirely from USMCA - Bloomberg

Bloomberg reports that "President Donald Trump is privately musing about exiting the North American trade pact, people familiar with the matter said, injecting further uncertainty about the deal’s future into pivotal renegotiations involving the US, Canada and Mexico."

The piece writes that: 

• The president has asked aides why he shouldn’t withdraw from the agreement, which he signed during his first term, though he has stopped short of flatly signaling that he will do so
• A White House official [...] described Trump as the ultimate decision-maker and someone always seeking a better deal for the American people. Discussion about potential action amounted to baseless speculation before an announcement from the president, the official said.
• Generally speaking, these negotiations are going to proceed bilaterally and separately, the Mexicans are being quite pragmatic right now. We’ve had a lot of discussions with them. With the Canadians, it’s more challenging,” Greer said on Fox Business.

USDCAD is recovering from lows at typing, while USDMXN has taken a bigger move higher: rate is erasing the day's losses to trade lower by 0.1% on the day - having traded lows of 17.1307 just before the report.