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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
- The day’s reversal in USD strength continues with USDCAD dipping through Friday’s low of 1.3704, hitting 1.3699 (-1.3%) in a notable retracement from Thursday’s short-lived post-CPI high of 1.3977.
- CAD modestly lags other commodity sensitive majors on the day, with negative yield differentials re-widening after business sentiment slowed sharply and business inflation expectations cooled slightly albeit from very high levels.
- Next technical support seen at the 20-day EMA of 1.3632, with broad risk sentiment driving moves. Potential local driver from Senior Dep Gov Rogers at 1600ET but more attention likely on CPI Wed.
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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