Free Trial

BoC's Kozicki Drives Further Rates Sell-Off And USDCAD Weakness

CANADA
  • Headlines from BOC Dep Gov Kozicki drives a further sell-off in GoCs and helps push BAX futures even lower after an already large move earlier in the day, now matching the moves in Eurodollars in the red pack with more than a 20 tick move on the day.
  • USDCAD also moves lower, through the second support for the day for -0.3% at 1.2486 and down more than -3% in less than three weeks. Next support is eyed at 1.2451 (Jan 19 low).
  • The BOC is prepared to act forcefully to bring inflation down - bbg
  • BOC sees near-term inflation higher than in January forecast - bbg
  • Bank of Canada sees households in better shape to handle hikes - bbg

To read the full story

Close

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.