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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 hits session highs of 1.3673 (+0.6%) on a broad USD bid since the weak US equity open, extending an earlier increase with CAD underperforming all other majors on the day with NOK second as oil holds an earlier further decline.
- It comes ahead of tomorrow’s BoC decision, seen as a very close call between another 50bp hike and a further downshift to 25bps, conditional on any further tweaks in the BoC’s reaction function.
- The latest climb for USDCAD sees it clear resistance at 1.3646 (Nov 29 high) to next open 1.3690 (61.8% retracement of Oct 13 – Nov 15 bear leg), now edging above the ~1.36 in the build up to the Oct 26 BoC decision.
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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