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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 held a tight range around ~1.354 since falling 60 pips on the US CPI downside surprise as markets await the next major risk event in tomorrow’s FOMC.
- In doing so it cleared the range seen since last week’s US ISM beat but hasn’t tested initial support at 1.3493 (former trendline).
- Ties to the US see typical CAD underperformance on the crosses for such a scenario, notably down 1% vs the AUD on the day despite a partial recovery off extremes. AUDCAD earlier breaching 0.93 saw it the highest since April, up 8% from mid-Oct lows prior to the BoC’s downshift on Oct 26 and further moving towards the end of the hiking cycle.
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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