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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 has now declined 35 pips off post-CPI highs of 1.3614, leaving it only ~10 pips higher than pre-CPI levels.
- The decline comes despite 2Y GoC yields still 11bp lower since the data and the Can-US 2Y differential 9bps lower at -53bps.
- Its offset by e-minis lifting off lows and WTI finding renewed upward pressure.
- The earlier lift in the pair cleared the bull trigger at 1.3606 (Feb 28 high) and has opened 1.3623 (61.8% retrace of Nov 1 – Dec 27 bear leg).
- Tomorrow sees $497m expiring at 1.3600, plus $496m at 1.3515 and $351m at 1.3505 prior to the FOMC decision.
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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