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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
- USDCAD continues to set new session highs, latest 1.3585 as CAD outperformance to high growth beta peers fades with oil sliding.
- The pair ultimately made light work of resistance around 1.352 seen after Friday’s employment releases, pushing above a trendline resistance intersecting at 1.3560 to open 1.3646 (Nov 29 high).
- Negative Can-US yield differentials have continued to widen since the US ISM service beat, with a 2Y differential at -56bps down more than 10bps since briefly being supported by Powell last week. Ahead of the BoC on Wed, it is back at levels after the Oct 26 BoC surprise downshift to a 50bp hike.
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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