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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
- USDCAD sits just off new session lows of 1.2674, having cleared initial support of 1.2695 (50-day EMA), coming ahead of news that the main Russian advance on Kyiv remains slowed.
- It could next open key short-term support of 1.2636, the Feb 10 low from the post-BOC/FOMC range to 1.2797 that the cross has largely been confined to until the Russian invasion.
- The Loonie performs similar to other risk-sensitive currencies in the AUD and NZD, with USDCAD currently down -0.25% on the day.
- This comes despite earlier data showing the current account surprisingly fell back into deficit in Q4 at -C$0.8B (C$2.2B surplus expected) with a downward revision to Q3 to boot.
USDCADSource: 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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