MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1025 Weds; -5.39% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1025 WEDS VS 7.1028

MNI INTERVIEW: IMF's Adrian Warns Of Inflation Risk To Markets

MNI EM China Daily Summary: Tuesday, April 16

MNI BRIEF: Japan March Exports Hit 4th Straight Rise

Japan Mar Exports +7.3% Y/Y; Imports -4.9% Y/Y

MNI: JAPAN MARCH EXPORTS +7.3% Y/Y; FEB +7.8%

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

USDCAD Dips On "May Need 75bp Hike" MNI Interview

CANADA
  • USDCAD hit a session low of 1.2879 after the MNI interview with former BoC adviser Ambler on the potential need for a 75bp hike on Jun 1, along with a move lower in BBDXY.
  • With the pair -0.4%, CAD is the top performer of the majors vs USD today despite some signs of moderation in the housing market.
  • Technicals: The pullback since early Friday is considered corrective as part of a bullish outlook for the pair but it could nevertheless be extended with initial support eyed at the 20-day EMA of 1.2842.
  • CFTC net specs: Latest data to May 10 showed the first net short position in CAD since late March and before that early January to avoid fighting USD strength. CPI on Wed could be a key trigger for whether we see a return to net longs ahead of the BoC on Jun 1.
BulletMarketsForeign Exchange BulletsHomepage
BulletMarketsForeign Exchange BulletsHomepage

To read the full story

Close

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.