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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 AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
USD/CAD last trades at C$1.3281, 18...>
DOLLAR-CANADA: USD/CAD last trades at C$1.3281, 18 pips lower on the day, as CAD
outperforms all of its G10 peers, likely aided by touted CAD/JPY buying. Worth
mentioning that PM Trudeau said he & U.S. Pres Trump will seek the release of
Canadian citizens detained in China.
- The rate's bearish reversal continues and initial downside focus falls on the
nearby 2.0% 10-DMA envelope at C$1.3273 (already briefly breached today). The
next layer of support below is located at C$1.3176, which represents the
100-DMA. Conversely, bulls need a break above the 50-DMA at C$1.3337 before
challenging yesterday's peak at C$1.3391.
- The BoC is set to deliver its MonPol decision Wednesday, with no change to the
policy rate expected. Elsewhere, Canadian housing starts data is also due
Wednesday, while building permits 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.