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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: China Crude Oil Imports Accelerate In November
MNI BRIEF: RBA Holds, Notes Declining Inflation Risk
MNI: PBOC Net Injects CNY90.3 Bln via OMO Tuesday
USD/CAD trades flat at C$1.3216.......>
DOLLAR-CANADA: USD/CAD trades flat at C$1.3216 after advancing 88 pips
Wednesday, as AUD weakness, triggered by remarks from RBA Gov Lowe re: the Bank
shifting to a more neutral stance, spilled over into the commodity-tied FX
space, before broader USD strength lent further support to the pair. Meanwhile,
CAD failed to benefit from a jump in oil prices, with WTI breaking above
$54/barrel.
- Worth noting BoC Dep Gov Lane spoke yesterday. For the key takeaways from his
speech, see MNI Main Wire at 13:52 GMT 02/06.
- Bulls look to the 100-DMA at C$1.3220, which has capped gains thus far, before
shifting focus to the 21-DMA at C$1.3237. Conversely, bears eye the 200-HMA at
C$1.3173 and the next layer of support below is located at the
200-DMA/yesterday's low of C$1.3134/25.
- Canadian labour mkt data & housing starts both come out Friday.
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.