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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.
CANADA
- USDCAD has touched a session high of 1.3737 (latest 1.3730) as it continues a push higher despite only a relatively small rolling over in the S&P E-mini that trims the day’s gains to 0.6%, with instead an 8bp widening in the negative Can-US 2Y yield differential since CAD CPI likely carrying some of the move.
- It’s a solid 90pip intraday increase for the pair over the past 90 mins having briefly touched 1.3644 for lows since Mar 7 before Powell opened the door to a 50bp hike.
- It moves closer to yesterday’s high of 1.3747 but resistance remains at 1.3814 (Mar 15 high).
- The 0.5% move weaker for CAD vs the USD sees it continue to outperform the 1% for the AUD after minutes opened the prospect of a pause.
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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