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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Canada To Retaliate Immediately Against US Tariffs
MNI: PBOC Net Drains CNY280.3 Bln via OMO Tuesday
Contrasting jobs data sees USD/CAD fly -The...>
FOREX: Contrasting jobs data sees USD/CAD fly
-The US jobs report was unequivocally strong - headline jobs added topped
expectations by a decent margin (266k vs. Exp. 180k), the unemployment rate
unexpectedly fell by 0.1ppt and average hourly earnings, particularly the
unrounded number, held up well. This underpinned a decent surge in the
greenback, most notably against the JPY and EUR, while 10y yields climbed to a
three-week high. The move was somewhat shortlived however, as focus returned to
the lack of encouraging trade deal news from a subsequent press appearance from
Trump's economic advisor Kudlow. This stymied USD's climb, keeping NZD and AUD
as the top performers of the day.
-Canada's equivalent report, in contrast, disappointed, with most major metrics
well below forecast. USD/CAD had a ~70 pip rally, calling into question the
post-BoC decision CAD strength.
-There are a number of major macro events in the coming week. Namely, the Fed &
EC decisions, the UK General Election and the possible installation of higher
tariffs on China in what's likely to be a volatile week.
To read the full story
Sign up now for free trial access to this content.
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.