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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
- A tick higher in ESA sees USDCAD pull back from another look at 1.33 to 1.3287, having earlier touched a session high of 1.3308 before softening on USDCAD moves.
- CAD is one of the main underperformers following yesterday’s breach of 1.3224, quickly clearing 1.3300 (Nov 4, 2020 high) today.
- It remains to be seen if the round 1.33 offers strong resistance ahead of the FOMC, otherwise it could open 1.3338 (50% retrace of 2020-21 bear cycle), with no fresh impetus coming from oil today or the front end yield differential since the post-US CPI adjustment lower.
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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