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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 pulled back to levels briefly seen after the FOMC minutes, with high beta majors recovering along with the bounce in oil.
- USDCAD trades -0.15% at 1.2894 although recent moves higher have established a technical bullish theme, exposing key short-term resistance at 1.2985 (Aug 5 high) after the earlier session high of 1.2947 cleared the week’s high more comfortably.
- This bullish theme could however come under pressure with a further re-widening in Can-US yield differentials, especially at the front end with the 2Y diff at +13bps from 0 early in the week, the highest since the front-loaded guidance behind the BoC’s 100bp hike on Jul 13.
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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