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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 keeps to a narrow range, currently just 5-10 pips above overnight lows of 1.3615 which marked a move closer to a key support at 1.3590 (May 16 low).
- The extension of the decline sees the pair back at levels seen shortly before the CAD CPI report on May 21 showed soft underling trends, whilst a break of that bear trigger could initially open 1.3547 (Apr 9 low).
- Today sees further inflation data, this time for input costs, whilst the USD leg could see spillover from high Treasury issuance plus second tier data including the Conference Board consumer survey.
- There is particularly light option expiry for today’s NY cut.
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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