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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 bounces to 1.2461 from an earlier low of 1.243 on latest headlines that the Russian army is regrouping at Kyiv and Chernhiv fronts as planned, and that Russia has not ceased hostilities.
- It had earlier cleared key support from the Jan 19 low of 1.2451 (Jan 19 low), on a combination of USD weakness and oil firming even though CAD lagged most G10 peers vs the USD.
- The downtrend in the pair generally still down -0.3% on the day, as support is next eyed at 1.2387 (Nov 10, 2021 low).
- The next known driver of further moves could be Kansas Fed’s George at 1300ET.
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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