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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 steps lower on a recent leg of dollar weakness, -0.3% at 1.2528, as CAD lags only NOK and SEK against the USD today despite softer oil.
- Growing underperformance of GoCs to Treasuries on the day has pushed front-end yields to parity whilst the long-end Can-US yield differential firms back to a small positive of +5bps.
- This has been matched by a larger rise in short-term interest rates compared to those in the US.
- Technicals: Through yesterday’s low of 1.2542, support is next eyed at 1.2499 (Jan 21 low) after which it would open key support of 1.2451 (Jan 19 low).
Source: 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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