Free Trial

USDCAD Spikes and GoCs Outperform On CAD CPI, US Retail Sales Combo

  • USDCAD jump over 60 pips to 1.3692 at typing on the combination of weaker than expected CAD CPI – both headline and core measures – plus stronger US retail sales. Resistance at the bull trigger is still some way off at 1.3786 (Oct 5 high).
  • GoCs rally 1.5-2.5bps through 2-10Y tenors vs a 3.5-5bps cheapening for Tsys, in a sizeable switch to outperformance. GoCs still trade 0.5-7.5bp cheaper on the day, with the cheapening led by 30s.

To read the full story



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.