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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
- A recent rise in USDCAD gathers pace at 1.3195 (+0.32%) as CAD continues to modestly outperform Antipodeans amidst USD strength.
- It earlier stopped just a few pips shy of testing initial resistance at 1.3208 (Sep 1 high), with any dovish slant from the BoC potentially opening key resistance at 1.3224 (Jul 14 highs) and late 2020 levels after that.
- On the flip side, support is seen at 1.3075 (Sep 2 low) but could take a notable hawkish surprise to sustain a move lower, with the complication of Mester (’22 voter) speaking at the same time.
- Little impetus from international trade data, with a larger than expected trade surplus in July offset by a small downward revision to June. Volumes data indicated a net trade boost from a GDP perspective but with weaker implications for domestic demand (exports +1.7%, imports -1.4%).
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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