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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 pushed to new session highs of 1.357 as S&P E-minis extended a 1.2% intraday slide for down -0.3% on the day.
- Despite the about turn for the pair since the US open, the day’s current 56 pip range is close to the narrowest this month. The pair has poked yesterday’s post FOMC minutes high of 1.3568 but a renewed push higher could open next resistance at 1.3665 (Jan 6 high).
- From a more fundamental viewpoint, the CAD REER remains at the low end of its historical average compared to most G10 peers, -3% below the 5-year average and -5% below the 10-year average per the table below.
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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