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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
- Rates underperformance helps CAD swing from performing mid-pack of the majors to second only to CHF, with 2Y GoC yields +2bps vs -2.5bps for Treasuries.
- Amidst month-end rebalancing, the moves have continued long after further misses for the Chicago PMI and Conf.Board consumer confidence added to the softer than expected US ECI earlier, the latter coinciding with CAD monthly GDP broadly in line with expectations to track slightly stronger than latest BoC forecasts.
- A session low of 1.3331 sees the pair ~140pips off intraday highs but remains above support seen at yesterday’s overnight low of 1.3300 after which lies the bear trigger of 1.3226 (Nov 15 low).
USDCADSource: 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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