Free Trial

Rate edges to fresh highs, slipping...>

DOLLAR-CANADA
DOLLAR-CANADA: Rate edges to fresh highs, slipping above the C$1.3060 level as
Reuters reports that Saudi Arabia plans to boost oil supply by between
200,000-300,000bpd to compensate for lost Iranian output. Sep18 highs at
C$1.3065 provide the initial resistance, followed by the 61.8% fib retracement
level at C$1.3096 for the C$1.3226-1.2885 move.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.