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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 has been drifting towards session lows of 1.3472 (1.3481 at typing) but this time it’s more closely tied to a broader USD downleg rather than outright CAD outperformance as earlier in the session.
- The full reversal of what had been further solid WTI gains has taken the edge off CAD on crosses, with it now sitting just behind EUR and SEK for gains on the day.
- USDCAD has cleared a key support at 1.3490 (Sep 1 high) but has struggled to push beyond the 50-day EMA at 1.3474. Resumed progress could ultimately open 1.3352 (Aug 7 low).
- Tomorrow sees CAD CPI after today’s surprisingly strong, albeit energy-led, input price pressures. It will then be followed by BoC Dep Gov Kozicki speaking on the impact of household differences on mon pol.
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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