Free Trial

Rate falls further ahead of the NY....>

DOLLAR-CANADA
DOLLAR-CANADA: Rate falls further ahead of the NY cut, appearing to accelerate
losses on the break through C$1.3250 and yesterday's lows of C$1.3242. To the
downside, the 100-dma becomes first support at C$1.3211, with the Jan28 low just
behind at C$1.3203. The Canadian data calendar is clear for today's session,
with focus remaining on November GDP figures due tomorrow as well as a speech
from BoC's Wilkins. WTI and Brent crude futures add to recent gains Wednesday
morning, with both front-month futures contracts adding a further 0.5% apiece
ahead of the NY crossover.
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.