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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
- BBDXY is little changed on the day but USDCAD is proving slower to unwind earlier gains seen amidst mixed US data but with stronger PPI inflation setting the tone on net.
- USDCAD at ~1.343 is +0.3% with CAD underperforming G10 FX on the day, not helped by little new steer from Macklem at a House committee but still with further BoC commentary from Dep Gov Beaudry later at 1755ET.
- Input price data for January follow tomorrow but main local focus will be on CPI on Tuesday, with RBC looking for a softening across headline and various core measures.
- The post data high of 1.3479 poked above the Feb 6 high to set a new level for initial resistance before a more significant 1.3521 (Jan 19 high) whilst to the downside support remains at 1.3275 (Feb 14 low).
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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