Free Trial
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
- CAD fares well against nearly all majors again today but can’t quite compete with USD strength even after a recent blip, with USDCAD sitting +0.12% at 1.2835.
- Technicals are still seen as bullish with the pair earlier touching 1.288 in a test of 1.2871 (Mar 15 high), a clear break of which would open key resistance the post-war high of 1.2901 (Mar 8).
- Relative outperformance to majors was further supported by the SEPH employment report for Feb, not a major release but it confirmed labour market strength from the now old LFS report, with solid job growth and wages up 2.4% Y/Y despite a compositional bias lower.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok