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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 cranked higher in a succession of steps today, currently 0.64% at 1.3029, as it moves towards Friday’s high of 1.3035 from the initial reaction to payrolls before more than losing its gains at the time.
- Broad expectation for a 75bp hike from the BoC on Wed is likely behind CAD outperforming other high beta majors, and has helped maintain speculative CFTC net longs, hovering at +3% vs -32% for AUD and -16% for NZD as of last Tuesday.
- Resistance is eyed at 1.3084 (Jul 5 high), clearance of which could open the Nov 23, 2020 high of 1.3113.
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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