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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 has slipped lower to sub-1.368, moving back to around the middle of yesterday’s range.
- Yesterday’s low of 1.3651 took a step closer to key support at 1.3629 (Nov 6 low) but lacked the conviction to continue its push lower.
- CAD retail sales and US PMIs will no doubt play a role but heavy option expiry for today’s NY cut could bias against material moves lower, with a large $3.4bn grouped between 1.3740-1.3770 although there is also some $1.3bn at 1.3575.
- CAD lags its high beta peers on the day against the backdrop of the broader USD decline, although still holds gains on the week on a broader trade-weighted basis.
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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