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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 trades at C$1.3145,......>
DOLLAR-CANADA: USD/CAD last trades at C$1.3145, having registered a modest
downtick in Asia-Pac dealing.
- The releases of Chinese Caixin M'fing PMI & Australian trade balance had an
impact on the risk-tracking currencies, supporting the space, sending USD/CAD
slightly lower on the day, with the USD broadly weaker on the session as the DXY
pulled back from its recent highs.
- The rate's downside move was limited by heavy oil prices, which kept a lid on
the CAD.
- Bears need a move through the initial support at C$1.3110 towards the 100-DMA
at C$1.3078 to retain momentum. Bulls keep an eye on yesterday's high at
C$1.3165 before challenging the key C$1.3200 level.
- Focus this week falls on Canadian labour mkt data due Friday & remarks by
BoC's Schembri & Lane later today.
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.