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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 has seen a strong increase to ~1.344 as equities continue their slide (-0.9%) to more than offset further strong gains for WTI (+3%).
- The pair earlier punched through initial resistance at 1.3415 (Jan 9 high) and now takes a step closer to a firmer 1.3460 (50-day EMA).
- There doesn’t appear to be much impact from a narrowing in Can-US yield differentials although CAD does outperform AUD.
- Specifically, front GoCs have seen a sizeable ~3bp of underperformance since US CPI despite the slightly stronger than expected core CPI print, pushing the Can-US 2Y differential to -30bps at what would be a fresh high for a close since Oct 20.
USDCAD 50-day EMA (pink line)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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