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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 holds just a few pips off lows of 1.3421 (-0.7%), with most of the day’s move coming prior to the ISM mfg miss.
- CAD underperforms AUD and NOK on the day, with the BoC’s business and consumer surveys seemingly not changing the near-term BoC outlook as they showed signs of moderation but remain elevated.
- Having cleared 1.35 overnight and since pushed through 1.3442 (Feb 20/21 lows), it opens 1.3404 (76.4% retrace of Feb 2 – Mar 10 rally) after which lies 1.3358 (Feb 16 low).
- The next and final major local data release before next week’s BoC decision is employment brought forward to Thu, although we see US JOLTS, ADP and ISM Services in the interim.
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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