Free Trial
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 touches new session lows of 1.2627 as a further increase in oil has helped offset recent modest dollar strength.
- With the pair -0.4% on the day, CAD sits distinctly mid-pack despite yesterday’s surging CPI report as 2022 rate hike expectations have been modestly trimmed seemingly on a rowing back of peace talk hopes.
- Despite this, yesterday’s clear break of 1.2964 (Mar 11 low) has opened support at the bottom of the post-invasion range of 1.2587 (Mar 3 low), whilst resistance is seen at the 20-day EMA of 1.2747.
- However, the hawkish Fed could well limit a further material slide in the USDCAD.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok