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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 last sits at C$1.3375, a......>
DOLLAR-CANADA: USD/CAD last sits at C$1.3375, a touch lower on the day after
losing more than 100 pips Friday, as firmer oil prices & a solid Canadian labour
report lent support to CAD. Meanwhile, U.S. labour mkt data was also strong, but
its impact was offset by cautious comments from Fed Chair Powell, which weighed
on USD.
- Initial support is located at C$1.3335, which represents the 50-DMA, ahead of
the 2.0% 10-DMA envelope at C$1.3305. On the topside, initial focus falls on
Friday's peak/21-DMA at C$1.3496/97.
- Canadian spotlight this week falls on the BoC policy rate decision due
Wednesday, with >80% chance of no change priced in, and only one of those
surveyed looking for a hike from the BoC. Elsewhere, Canadian housing starts
data is also due Wednesday, while building permits figures come out Thursday.
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.