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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
- WTI rebounding back towards overnight highs has provided a recent boost for CAD, which tops G10 FX today narrowly ahead of the CHF, with CAD also benefiting from broader USD strength on the day in an extension of post-payrolls gains.
- USDCAD at 1.357 (-0.1%) is off earlier lows of 1.3550 and Friday’s 1.3551, as part of a downtrend with support seen at 1.3480 (Dec 4 low) after which lies 1.3417 (Sep 29 low).
- 2Y GoCs have outperformed Tsys since the 2Y GoC auction but still underperform solidly on the day, narrowing the Can-US differential 3bps to -54bps.
- The USD leg is likely the main driver over the next two days with US CPI (Tue) and then the FOMC decision (Wed).
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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