Free Trial

USDCAD Clears Post-Payrolls Support

CANADA
  • USDCAD dropped 90 pips to a session low of 1.3412 before bouncing to ~1.3425, buoyed by widening underperformance of GoCs with resilience to the rally in Tsys (2YY -1.9bp vs -6.3bp) and equities still bouncing post-open.
  • It easily cleared support at 1.3466 (Nov 7 low), around where there had been some near-term support since payrolls, and came close to testing 1.3409 (Sep 22 low) before bouncing.

To read the full story

Close

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.