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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 had unwound more than half of yesterday’s US data hit before dipping again, off a session high of 1.2998 to 1.2984 (+0.2%) despite WTI edging higher on the day.
- From a technical perspective, the short-term trend remains in bulls’ favour despite yesterday’s fall, with a focus on 1.3107 (76.4% retrace of Jul 14 – Aug 11 downleg) but first needing to clear yesterday’s high of 1.3063.
- Front-end Can-US yield differentials could continue to slow this increase in the pair though, holding at a relatively elevated +16bps compared to the past month.
- US data remains in the spotlight today and durable goods for July in particular. IP was stronger than expected in July but yesterday’s decline in manufacturing surveys for August pointed to slowing ahead.
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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