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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 continued to rise off earlier lows from the snap reaction to CPI (1.2664) to around the 1.27 mark, leaving it down -0.15% on the day and very similar to BBDXY despite oil up strongly.
- Recent comments by the Fed’s Harker being in the 25bp rather than 50bp camp for March made little impact, before popping higher on the announcement of an upcoming NATO press conference.
- Technicals: Whilst towards the low end of the range seen since the BoC/FOMC decisions on Jan 26, it holds above support at 1.2636 (Feb 10 low), with a positive outlook whilst this remains intact.
- Long-term: Little steer from the historical Canadian real effective exchange rate, which is very close to its five year average in JPM’s daily index as of yesterday.
JPMorgan CPI-based Real Effective Exchange RateSource: 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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