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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
- Broad dollar weakness has helped USDCAD clear 1.35 today, most recently with a low of 1.3487.
- It pushed through 1.3496 (50% retrace of Jul 14 – Nov 1 bull phase), a clearer break potentially opening 1.3417 (Sep 29 low).
- GoC yields have been weighed heavily by the Tsy rally although still outperform on the day after the stronger than expected labour report.
- CAD has slipped when looking on crosses today as a function of its US ties, now towards the lower end of G10 FX with only EUR and USD performing worse.
- It still marks a strong week for the loonie though, gaining 1% in trade-weighted terms.
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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