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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 extends to new session highs of 1.3673 as equities remain under pressure with ESA now -1.9% after yesterday’s +1.5%.
- Souring risk sentiment and oil reversing earlier solid gains leads here rather than a rate differential story with the 2Y Can-US yield diff at -48bps narrowing slightly on the day.
- Continued upward pressure could see a test of resistance at 1.3705 (Dec 16 high) after which sits 1.3751 (Nov 4 high).
- The day's move has been broadly one directional on stronger than expected US data.
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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