Forex Flash: Trade reconnection between CAD and MXN - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes that the CAD and MXN sharply disconnected in February, breaking their 75% correlation.

The long MXN trade could now be crowded and vulnerable, and one should consider a scenario where the USD/MXN catches up with the USD/CAD.

Mar 1, 2013

Forex Flash: CAD continues to underperform - BTMU

Lee Hardman, FX analyst at the Bank of Tokyo Mitsubishi UFJ notes that the Canadian Dollar is continuing to underperform alongside recent disappointing economic data from canada, but also reflecting investors downgrading their economic growth projections for the US.

UK: PMI Manufacturing at 47.9 in February

UK PMI Manufacturing dropped to 47.9 points in February, from 51.0 points in January, according to data released today by Markit. Analysts expected the indicator to remain in expansion territory at 50.5 points.