MNI BRIEF: Rate Changes Affect Eurozone More Than US Firms-ECB

MNI BRIEF: BOJ May Real Export Index Drops 1.4% M/M

MNI BRIEF: PBOC, MOF To Promote Treasury Trades Progressively

MNI: PBOC Net Injects CNY276 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY278 BILLION VIA 7-DAY REVERSE REPOS WEDS

MNI: PBOC Sets Yuan Parity Higher At 7.1159 Weds; -1.39% Y/Y

MNI: EUROZONE APR CONSTRUCTION OUTPUT -0.2% M/M, -1.1% Y/Y

Volatile LFS Unemployment Rate Below Consensus In May

7-2 vote increasingly likely; more clarity only likely post-election

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

J.P.Morgan: Medium-Term Outperformance Should Resume As BoC Set To Taper

CAD

J.P.Morgan have noted that "this week's long-awaited BoC MPR meeting intersects with an increasingly-distressing local COVID-19 wave. But we believe the mix of the BoC's prior taper guidance, concern over the size of its footprint in the bond market, and its likely view that the impact from the current wave is temporary, will ultimately outweigh its COVID-19 concerns and prompt the start of tapering. It will be a close call, which is reflected in a pullback in BoC pricing over the last month - but this translates into a better upside skew to CAD from tomorrow's event, and could therefore mark an inflection point and resumption of earlier outperformance given a still-solid medium-term outlook."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
BulletMarketsForeign Exchange Bullets

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.