MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Dovish Reaction To Almost In Line Report

CANADA DATA
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • 2Y GoC yields have dipped 2.5bps post-CPI for a 4bp decline on the day from Friday’s close.
  • USDCAD has pushed higher to 1.3653 for a ~30 pip increase but only just pokes above overnight highs. Resistance is seen at 1.3660 (20-day EMA)
  • BoC-dated OIS has shifted to ~14bp of cuts for the June meeting
  • At a first glance, headline CPI was at expected at 2.7% Y/Y but the average of the BoC’s preferred median & trim measures were marginally softer than expected in April at 2.75% Y/Y (cons 2.8) owing to a one tenth miss for median with the trim in line.
  • However, it followed an upward revised 3.05% Y/Y (initial 2.95%) in March.
112 words

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.
  • 2Y GoC yields have dipped 2.5bps post-CPI for a 4bp decline on the day from Friday’s close.
  • USDCAD has pushed higher to 1.3653 for a ~30 pip increase but only just pokes above overnight highs. Resistance is seen at 1.3660 (20-day EMA)
  • BoC-dated OIS has shifted to ~14bp of cuts for the June meeting
  • At a first glance, headline CPI was at expected at 2.7% Y/Y but the average of the BoC’s preferred median & trim measures were marginally softer than expected in April at 2.75% Y/Y (cons 2.8) owing to a one tenth miss for median with the trim in line.
  • However, it followed an upward revised 3.05% Y/Y (initial 2.95%) in March.