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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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Free AccessUSD/CAD has advanced 15 pips so far...>
DOLLAR-CANADA: USD/CAD has advanced 15 pips so far and last deals at C$1.3275
after falling 19 pips Friday, as CAD led gains among G10 currencies, supported
by firmer oil prices & an unexpected acceleration in Canadian CPI (came in at 2%
against the 1.7% forecast, elevated by surging air-transport prices), while the
average of the 3 core measures held steady.
- Worth mentioning on Friday WTI jumped to a 2-month high, as China reportedly
offered ways to eliminate U.S. trade imbalance.
- Bulls look to Friday's high of C$1.3284 before shifting focus to the cloud top
at C$1.3295, followed by the Jan 17 high of C$1.3319. On the downside, bears
need a fall below C$1.3233, where the rate bottomed Friday, before targeting the
100-DMA at C$1.3199.
- Canadian retail sales, due Wednesday, headline the domestic docket this week.
To read the full story
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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.