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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free Access100bp Hike Counts For Amazingly Little For CAD
- With the BoC press conference over after the BoC surprisingly hiked 100bps, USDCAD sits -0.6% at 1.2947 but CAD only marginally outperforms AUD and NZD and lags SEK and NOK on growing dollar weakness through the session.
- Heavy focus on the decision to opt for 100bps as part of front-loading has seen front-end Can-US yield differentials firm back towards recent highs at +20bps with the long-end relatively little changed at 23bps, providing relatively little fresh impetus for the pair.
- With an earlier low of 1.2937 the pair came close to testing support at 1.2936 (Jul 8 low) and the 20-day EMA of 1.2928 just below. A clear break here would open the 50-day EMA at 1.2853.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.