MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CAD Sees Swing To Outperformance With Important Releases Ahead

CANADA
  • USDCAD at 1.37 is off an earlier low of 1.3681 but is holding the day’s decline despite decent progress in the BoC’s core inflation three-month metric.
  • The day’s lift in the USD index has helped buoy CAD, switching from notable underperformance both yesterday and before today’s data to instead sit near the top of the pack.
  • It earlier stopped just shy of support at 1.3678 (50-day EMA) after which sits 1.3635 (trendline drawn from Jul 14 low).
  • Still to come today is the government’s Fall Economic Statement (preview here), likely more of note for those with a FI rather than FX focus, but one to watch nevertheless.
  • It’s followed by tomorrow’s heavy US data docket plus BoC’s Macklem speaking on “The cost of high inflation” with text at 1130ET.
  • Large option expiry had some sway last week. It picks up slightly tomorrow with $580m at 1.3650 and $446 at 1.3750, but it’s unlikely to bias price action too much.
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets

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.