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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 touched new session highs of 1.2532, currently +0.2% at 1.2528, after what’s been a largely one way move over the past 45mins.
- It’s likely a combination of USD strength and oil rolling over on a day that Canadian STIRs have struggled to keep up with the US post-payrolls.
- CAD lags AUD and NOK today although that could be simply after outperformance yesterday following solid monthly GDP.
- The pair has seen its rate of decline slow this week, when it’s actually climbed 0.4%, yet it’s still down 2.5% since mid-March. Initial resistance is at 1.2593 (Mar 28 high) whilst support is seen at 1.2430 (Mar 30 low).
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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