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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 lifts with broader USD strength, testing yesterday’s high of 1.3676 in contrast to the USD index which is far above yesterday's range.
- That high was briefly touched after the short-lived reaction to the Fed’s Waller built on the lift seen after soft trends for Canadian core CPI inflation.
- Resistance is eyed at 1.3691 (May 10 high) after which lies 1.3785 (Apr 30 high).
- Today’s option expiry biases a little higher with $796m at 1.3680 and $675m at 1.3725.
- Looking more broadly, CAD sits broadly mid-pack, underperforming the USD as well as NZD (hawkish RBNZ) and GBP (less moderation in CPI than expected) but otherwise outperforming other majors.
USDCAD extending post CAD CPI uptrendSource: 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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