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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.
CANADA
- USDCAD is close to unwinding yesterday’s delayed drop after the BOC decision, currently up +0.4% at 1.2676 for an intraday swing of 0.7% having earlier cleared the key short-term support of 1.2636 (Feb 10 low).
- It follows a rolling over in US equities and broader USD strength, whilst GoCs rally ~2bps in the front end and 2.5-3bp from the belly outwards.
- TD noted after the BOC decision, that much of the good news for CAD is priced in, and see it screening “as one of the most overbought (tactically overvalued) currencies on our dashboard globally”.
- Macklem speaks shortly on the economic progress report (1130ET) and media Q&A (1245ET), followed by a 2hr appearance at the House (1530ET).
Source: Bloomberg
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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