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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 steadily increased +0.3% this morning to 1.2990, with CAD outperforming other high beta majors partly from the recent re-widening in Can-US front end yield differentials (holding in today at +18bps).
- The pair is just off a session high of 1.2992 and has cleared key near-term resistance at 1.2985 (Aug 5 high), strengthening bullish technical conditions with attention on the 1.30+ levels of mid-July, starting with 1.3012 (Jul 18 high).
- The move higher is helped by WTI unwinding yesterday’s gains but negative correlation on a rolling 20-day basis is the lowest in absolute terms since late June, limiting the impact.
USDCAD (white) and Can-US 2Y differential (blue)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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