US President Donald Trump said the North American Freetrade Agreement (NAFTA) is likely to be terminated, CNBC reports from a rally in Arizona. NAFTA, which US negotiators had previously referred to as “unfair” and in need of “major improvement,” had been a key rallying point of Trump’s presidential campaign. The Donald said at his rally on Tuesday night: “I personally don't think you can make [an agreement] without a termination but we're going to see what happens, OK?” In keeping with election traditions from last year, the Mexican Peso traded down after his comments.

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