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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 been steadily pushing lower since the joint employment reports, which included surprisingly resilient wage growth and no lift in the u/e rate albeit with latest jobs growth led by part-time positions.
- Last touching a low of 1.345 as the S&P E-mini continues to firm, it has moved through closely packed support at 1.3485/1.3473 and next opens 1.3442 (61.8% retrace of Apr 14 – 28 rally) after which potentially lies a 1.33 handle.
- It sees the pair build on recent downward pressure with Canadian banks generally holding up better than US banks, at least judging by share prices, under recent turmoil before some stabilisation today.
- GoCs underperform Tsys on the day, modestly at 2YY (+11.5bps vs 10bps) and more so at 10YY (+11bps vs +6bps).
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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