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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.
CANADA
- USDCAD is holding most of the day’s shift higher, with a majority of the move coming prior to the US open with added momentum as equities slid and then only pushing slightly higher with softer than expected JOLTS data.
- Canadian banks are holding up better today than their US counterparts (TSX banks -2 vs KBW banking index -5%) but the made in the US element of regional banking woes appears to weigh on CAD more broadly, with it worst performer in G10 FX today and closely followed by NOK with oil sliding -5%.
- It’s against a backdrop of the BoC still being seen on hold in contrast to today’s surprise hike from the RBA.
- At 1.363 (+0.65%) off a high of 1.3638, it remains off resistance at 1.3668 (Apr 28 high) having been offered sizeable headroom from a technical perspective after Friday’s slide, after which sits 1.3695 (Mar 28 high).
Source: Bloomberg
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.
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