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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
- CFTC positioning published late Friday showed CAD net shorts trimmed from -22% to -18% as of Jun 20, landing the day before strong Canadian retail sales helped spur a further shift lower in USDCAD.
- Aside from the -17% of late May, this is the smallest in absolute terms since mid-March and before that December.
- Compared with the -33% for AUD, the +15pps CAD-AUD differential is the highest since late Nov. It’s still not high by historical standards although the decline in AUDCAD has already overshot it when crudely comparing the two, potentially limiting further scope for the relative weakness play for more China-focused high beta majors.
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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