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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 lifted a touch to 1.3615 ahead of joint jobs reports but the earlier low of 1.3603 marks a continuation of its recent moves lower.
- It extends Wednesday’s clearance of initial support on softer US data, coming closer to a key support at 1.3590 (May 15 low) on Independence Day.
- Today’s option expiry for the NY cut is limited at nearby strikes.
- Latest CFTC data show that, for futures at least, CAD net shorts built even further early last week despite the stronger than expected May CPI report. Net shorts at 44% of open interest (following two weeks at 42% after the BoC’s first cut of the cycle) are the largest since mid-2017 and before that 2013.
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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