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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 extended an intraday push lower for now more than 50 pips off highs, a decent move considering a relatively mild bounce off session lows for the S&P E-mini.
- The pair dipped back below 1.372 for little changed on the day with CAD bottom of the G10 FX pack on the day, with a narrowing of negative Can-US yield differentials (be it short-term rates or further out with the GoC curve) counting for little for the loonie.
- It caps a week with relatively little change in the Canadian dollar on a real effective basis, although it follows a prior slide leaving it 4/6% lower than 5/10-year rolling averages in contrast to a more resilient high growth beta peer such as the AUD.
- Next week sees a pick-up in the local calendar, with CPI Tue (input costs eased more than expected today following a similar outturn in US PPI), the BoC’s minutes after it paused last week and retail sales Fri.
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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