CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Spot USDCAD Eases To Today’s Main Option Expiry

CANADA
  • USDCAD at ~1.3670 has trended lower today, steadily unwinding a lift seen after the FOMC minutes (which drove a larger reaction in FX space than FI) with declines aided by strength in equity futures.
  • Yesterday saw a peak of 1.3698, clearing prior resistance to open 1.3785 (Apr 30 high). Support meanwhile is seen at the bear trigger of 1.3590 (May 16 low).
  • Local interest is limited today, with employment insurance for March at 0830ET. US weekly jobless claims (0830ET) and preliminary PMIs (0945ET) are more notable potential drivers.
  • Beyond data, today’s NY cut sees reasonable option expiry grouped near current spot, with $709m at 1.3675 ($709m) plus $329m at 1.3665 and $300m at 1.3685. To the downside, $638m at 1.3600.
Homepagemarkets-real-timeBulletMarketsForeign Exchange Bullets
Homepagemarkets-real-timeBulletMarketsForeign 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.