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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 AccessMNI POLITICAL RISK - Trump Tariffs Initiate Talks With Mexico
USD/CAD last trades flat at...........>
DOLLAR-CANADA: USD/CAD last trades flat at C$1.3473 after closing 26 pips higher
yesterday.
- The pair declined through yesterday's Asia-Pac session, extending Monday
losses registered on the back of firmer WTI & comments from BoC Gov Poloz who
struck an optimistic note re: Canadian housing market.
- However, after a failed attempt to breach C$1.3410 in reaction to the latest
RBA MonPol decision, USD/CAD moved away from lows, as investors turned focus to
the escalating Sino-U.S. trade war.
- London & NY hours saw the rate advance further, as Sino-U.S. conflict
continued to drag WTI lower, which allowed USD/CAD to close 26 pips higher on
the day after peaking just shy of C$1.3490.
- A lift through C$1.3500 would allow bulls to set their sights on the Apr 24
high of C$1.3521, a level not seen since early January. Meanwhile, bears look to
the 100-HMA & 200-HMA, located at C$1.3457 & C$1.3450 respectively.
- Canadian labour market report comes out on Friday, alongside domestic building
permits.
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.