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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 trades +0.25% at 1.2599 on recent broad dollar strength, having moved off late yesterday lows of 1.2565 where there appears to be some support after touching the same level on Monday shortly after Powell’s prepared remarks.
- The latest move higher comes as CAD sits mid-pack of the majors vs the USD, struggling to match other risk-sensitive currencies
- It remains at the low end of its recent range though. Whilst there have been few local drivers of late, the strong labour and CPI reports of the past two weeks have helped BOC rate hike expectations keep pace with and sometimes exceed those for the Fed.
- Plenty of Fedspeak ahead with 9 different speakers to come this week, starting with Powell at 0800ET.
- Next BOCspeak from Dep Gov Kozicki on Fri, the only scheduled commentary from the BOC between now and the meeting on April 13.
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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