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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 increases further as CAD and the Antipodeans struggle against the USD, with the latest nudge higher as oil slides.
- The pair sits +0.45% at 1.2600 (high 1.2612) for a 1.6% bounce since before Brainard on Tuesday with a further boost from the FOMC minutes.
- Already through the 20-day EMA and having just cleared the Mar 28 high of 1.2593, it now opens the 50-day EMA of 1.2632.
- Possibly helped by BAX marginally outperforming Eurodollars today and Can-US 10Y yield differential at month lows, but move could be limited with broad consensus for a 50bp hike from BOC next week.
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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