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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 touched new session lows of 1.2676 having earlier stepped lower as oil spiked on the surprisingly large draw on US inventories before a small retracement.
- This is the low end of the post BOC/FOMC range but remains above the initial support of 1.2650 (Jan 27 and Feb 2 lows), after which it would open firm support of 1.2560 (Jan 26 low).
- With the pair little changed from levels immediately after the FOMC press conference, higher oil prices have helped offset an increasingly small/negative Can-US bond yield differential.
Initial support of 1.2650 (white line)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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