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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 AccessInitially Muted Reaction To CAD CPI Slowly Builds
- BoC-dated OIS has dipped ~2bps to +15bp for the Jul 12 decision.
- Front end GoCs have started to extend the initial 1bp rally for now -2.5bps on the release (-1.5bp on the day) and modestly outperform Tsys. 2s10s have steepened 2.5bps post-data but are still some -129bps.
- USDCAD briefly touched a high of 1.3177 which remained within yesterday's range and is currently back close to pre-data levels in the mid-1.316s.
- Next major local releases land on Friday with the Business and Consumer BoC surveys as well as monthly GDP.
To read the full story
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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.