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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.
CAD
- Dollar weakness saw USDCAD break through the initial support of 1.2650 (Jan 27 and Feb 2 lows) earlier with a low of 1.2636 before pulling back to ~1.265 again.
- It has since moved lower again to 1.2645 but whilst next support is eyed at 1.2560 (Jan 26 low), large option expiries tomorrow could see it hold higher with $4.76bln rolling off through C$1.2650-60 (of which $3.3bln is at 1.2650) and a further $1.7bln through C$1.2680-85.
- Potential drivers: Limited Canadian drivers barring further protest disruption, whilst on the US side, Richmond Fed’s Barkin speaks late today (1900ET) followed by the U.Mich preliminary Feb survey tomorrow.
Source: Bloomberg
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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