MNI: Japan Govt Keeps Economic Assessment, Ups Imports

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1910 Tues; -1.46% Y/Y

MNI China Daily Summary: Monday, November 25

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22

MNI: UK NOV BRC SHOP PRICES +0.2% M/M, -0.6% Y/Y

MNI: JAPAN OCT SERVICES PPI +2.9% Y/Y; SEPT REV +2.8%

EZ/UK T-Bill Calendar: 2/3-Month ATB Auction on Tuesday

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USD: USDCAD sees its largest hourly move

USD
USCEEMEABulletUKMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • The Dollar continues to trade on the front foot going into the European session and post the EU Cash Equity open.
  • Trump's threats of Tariff has been the main driver, and USDCAD has seen its largest single hourly move in multiple Years following talks of 25% tariff on product from Canada and Mexico.
  • USDCAD has seen close to a 200 (196) pips range overnight, reached its worst level since April 2020.
  • While USDCAD is now some 50 pips off its printed high, next upside resistance would be seen at 1.4196 1.764 proj of the Oct 17 - Nov 1 - 6 price swing, above the 1.4178 printed high.
  • Small support moves up to 1.4086, although today's low is all the way down to 1.3982.
120 words

To read the full story

Close

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.
  • The Dollar continues to trade on the front foot going into the European session and post the EU Cash Equity open.
  • Trump's threats of Tariff has been the main driver, and USDCAD has seen its largest single hourly move in multiple Years following talks of 25% tariff on product from Canada and Mexico.
  • USDCAD has seen close to a 200 (196) pips range overnight, reached its worst level since April 2020.
  • While USDCAD is now some 50 pips off its printed high, next upside resistance would be seen at 1.4196 1.764 proj of the Oct 17 - Nov 1 - 6 price swing, above the 1.4178 printed high.
  • Small support moves up to 1.4086, although today's low is all the way down to 1.3982.