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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 has pulled back from highs of 1.2593 as dollar strength since the US came in has largely receded and oil has bounced, but is still up +0.55% at 1.2545.
- The move higher on the day is likely from the sizeable outperformance of Canadian rates, which has also driven a narrowing in what had been a small positive Can-US yield differential at both the front- and long-end.
- The pair sits near yesterday’s highs but having fallen for 12 of the past 13 sessions and still down more than 2.5% in three weeks, it doesn’t yet trouble resistance at 1.2614 (200-day MA) or 1.2651 (20-day EMA). Key support remains at the Jan'19 low of 1.2454.
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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