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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 is back near session lows of 1.3524 after a 20 pip climb on a dip in the S&P E-mini that has since been reversed.
- Despite the moves lower, CAD sits nearer the bottom of the non-USD majors on the day with broader USD weakness.
- The pair has broadly continued a bearish extension following yesterday’s break of the 50-day EMA, although could see further support at 1.3517/1.3515 for the 100-dma/Feb 22 low closely followed by 1.3491 (61.8% retrace of Feb 2-Mar 10 rally).
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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