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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 lifted off session lows but briefly touched joint post-SVB lows of 1.3652 (-0.5%) with an intraday firming in risk sentiment, nearing levels last seen before Powell opened the door to a 50bp hike on Mar 7.
- Amidst recent CAD underperformance, which has helped push the C$ to 4-6% below long-term averages in real effective terms, it sits nearer the top end of the majors today.
- A more concerted push lower could open support at the 50-day EMA 1.3568 although the recent pullback for the pair is considered corrective with resistance at 1.3814 (Mar 15 high).
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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