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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 has stepped a little higher as typing but holds within 20 pips of session lows of 1.3502, with CAD towards the top of the G10 FX pack on a day with WTI clearing $90/bbl and the S&P e-mini pushing higher.
- The pair continues a solid push lower in recent days, approaching a key support at 1.3490 (Sep 1 low) after which lies 1.3471 (50-day EMA).
- Relative CAD strength comes despite the limited local data of the day saw core wholesale sales disappoint relative to the July flash (+0.2% M/M vs the originally indicated +1.4%).
- Instead, CAD benefits from the equity friendly combination of stronger US activity data and PPI details pointing to softer core PCE due for release later this month.
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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