Free Trial
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 is -1% at 1.2493 as it continues to move lower along with a broader move with risk sensitive currencies faring well against the USD today.
- The CPI beat helped continue the move but it’s only on a par with AUD and NZD.
- The negative Can-US yield differential has narrowed somewhat after widening since last week. Despite 2Y GoC yields pulling back from a peak that saw new highs since Sep-2008, they are still up +4.5bps compared to -1.5bps for Tsys.
- Furthering the bearish threat, the pair is through support at 1.2522 (Apr 14 low) and next eyes 1.2479 (Apr 6 low) and then the 10-day EMA envelope of 1.2460.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok