MNI BRIEF: Yellen: Will Need To Revaluate Bank Regulations

MNI: US Feb Existing Home Sales See Huge Rebound

CANADA FEB CPI 5.2% YOY VS FORECAST 5.4%, PRIOR 5.9%

MNI: UK DEC-FEB MEDIAN PAY AWARDS +6% :XpertHR

Coming Up In The Asia-Pac Session on Wednesday

US Treasury Auction Calendar

MNI: Freeland-Banks Well Capitalized, Budget To Focus Stimulus

MNI BRIEF: Joint European Funds Best Response To IRA-Gentiloni

MNI BRIEF: Fed, Treasury, FDIC-Big Banks Back First Republic

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
BSP

MNI BSP Preview - March 2023: +25bps Likely

AUSSIE BONDS

Off Session Cheaps

JGBS

Heavy Start For Futures On Post-Holiday Plays, Off Early Lows

NZD

Extending Losses, Westpac Lowers Milk Price Forecast

CHINA PRESS

Total Factor Productivity Key For High Quality Growth

CHINA PRESS

RRR Cut Indirectly Supports Property - Cailian

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

USDCAD Sees Decent Move Off Highs But CAD Still Bottom Of G10 Pack

CANADA
HomepageBulletMarketsFixed Income NewsForeign Exchange NewsAT&T Market NewsBank of America Market News
  • 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.

159 words

To read the full story

Why Subscribe to

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.
  • 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.